Economy
Naira depreciates to N1,140/$ in parallel market
The Naira on Friday, April 19, depreciated to N1,140 per dollar in the parallel market, from N1,060 per dollar recorded on Thursday, April 18.
The Naira also depreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,169.99 per dollar. Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,169.99 per dollar from N1,154.98 per dollar on Thursday, indicating N15.01 depreciation for the naira.
There was an intraday high of N1,236 per dollar and an intraday low of N1,021 per dollar resulting in a margin of N215.
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