By Elizabeth Adegbesan
The Naira yesterday depreciated to N1,457 per dollar in the parallel market from N1,455 per dollar on Monday.
Likewise, the naira depreciated to N1,441.75 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,441.75 per dollar from N1,438 per dollar on Monday, indicating N3.75 depreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate narrowed to N15.25 per dollar from N17 per dollar on Monday.
The post Naira down to N1,457/$ in parallel market appeared first on Vanguard News.
