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Naira appreciates to N1,530/$ in parallel market

by Tolulope Akinruli
February 22, 2025
in Business News
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Naira rises to N1,555/$ in parallel market
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The Naira appreciated to N1,530 per dollar in the parallel market from N1,540 per dollar on Thursday.

However, it depreciated to N1,502.5 per dollar in the Nigerian Foreign Exchange Market (NFEM), according to data published by the Central Bank of Nigeria (CBN).

The indicative exchange rate for the naira rose to N1,502.5 per dollar from N1,496 per dollar on Thursday, indicating an N6.5 depreciation.

Tags: Naira
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