Tag: depreciates

  • Naira slightly depreciates in parallel market

    Naira slightly depreciates in parallel market

    The Naira experienced a slight depreciation Wednesday, slipping to N1,740 per dollar in the parallel market compared to its previous rate of N1,735 per dollar on Tuesday. According to data from FMDQ, the indicative exchange rate for the Nigerian Autonomous Foreign Exchange Market (NAFEM) strengthened, rising to N1,645.4 per dollar from Tuesday’s rate of N1,689.88…