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HomeNewsNaira fall again: N1,400 for dollar for parallel market

Naira fall again: N1,400 for dollar for parallel market

Di naira don dey fall again for parallel market. Yesterday, e depreciate to N1,400 per dollar from N1,395 wey e bin dey last weekend.

For di official side, di naira also drop small. E go down to N1,371 per dollar for di Nigerian Foreign Exchange Market, wey dem dey call NFEM.

Data from di Central Bank of Nigeria, CBN, show say di indicative exchange rate for di market rise slightly to N1,371 per dollar from N1,370 per dollar last weekend. Dis one mean say di naira lose N1.

Because of dis, di difference between di parallel market and di official market don increase. E go up to N29 per dollar from N25 per dollar last week Friday.


Abullahi Ahmed
Abullahi Ahmedhttps://nnn.ng/
Abdullahi Ahmed na reporter for NNN. NNN dey publish hot-hot tori for Nigeria and around di world for naija pidgin language so dat every Nigerian go fit follow national news, no mata dia level of school. NNN dey only publish tori wey be true-true, wey get credibility, wey dem fit verify, wey get authority, and wey dem don investigate well-well.
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