Naira depreciates to N1,363/$ in parallel market

🇳🇬 Vanguard Nigeria (NG) —
Naira depreciates to N1,363/$ in parallel market

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The Nigerian naira weakened to N1,363 per US dollar in the parallel market. The gap between the parallel and official exchange rates widened to N29.51 per dollar, up from N28.45 the previous day.

Consequently, the margin between the parallel and official markets widened to N29.51 per dollar from N28.45 per dollar on Thursday. The post Naira depreciates to N1,363/$ in parallel market appeared first on Vanguard News.

Markets Nigeria naira foreign exchange parallel market US dollar currency depreciation

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