June 5, 2024.
Azonuchechi Chukwu.
The Nigerian Naira on Tuesday appreciated to N1,475 per dollar in the parallel market from N1,480 per dollar on Monday.
However, the Naira depreciated to N1,476.95 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose slightly to N1,476.95 per dollar from N1,476.12 per dollar on Monday, indicating 83 kobo depreciation for the naira.
The volume of dollars (turnover) traded on the window increased by 94.5 per cent to $236.99 million from $121.87 million traded on Monday.
Consequently, the margin between the parallel market and NAFEM rates narrowed to N1.95 per dollar from N3.88 per dollar on Monday.(www.naija247news.com).
Ifeoluwa Okonkwo ✔
Ifeoluwa Okonkwo is a dedicated News Content Editor at Naija247news, bringing over five years of experience in news writing and editorial work. A graduate of the University of Abia State, Ifeoluwa specializes in curating and refining impactful news stories that resonate with readers. Her expertise lies in delivering accurate, timely, and engaging content across diverse topics, contributing to the platform’s reputation for excellence in journalism. Through her leadership, she ensures high editorial standards and an unwavering commitment to journalistic integrity.
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