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    Home » Naira Appreciates, Exchanges At N1,740 To Dollar At Parallel Market
    1 Min ReadNovember 29, 2024

    Naira Appreciates, Exchanges At N1,740 To Dollar At Parallel Market

    By TheScrutinyNGNovember 29, 2024No Comments1 Min Read
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    The Naira, on Thursday, appreciated to N1,740 per dollar in the parallel market from N1,745 per dollar on Wednesday.

    Likewise, the Naira appreciated to N1,644.86 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

    Data from FMDQ, as reported by VANGUARD, showed that the indicative exchange rate for NAFEM fell to N1,644.86 per dollar from N1,660.83 per dollar on Wednesday, indicating N15.97 appreciation for the naira.

    The volume of dollars traded (turnover) increased by 66 percent to $560.34 million from $337.07 million traded on Wednesday. Consequently, the margin between the parallel market and NAFEM rate widened to N95.14 per dollar from N84.17 per dollar on Wednesday.

     

     

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