Naira depreciates to N1,598/$ in parallel market

By Elizabeth Adegbesan The naira yesterday depreciated to N1,598 per dollar in the parallel market from N1,585 per dollar on Monday. Similarly, the Naira depreciated to N1,547.5 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 [...]The post Naira depreciates to N1,598/$ in parallel market appeared first on Vanguard News.

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