Business
Naira crashes to N1,565/$ in parallel market
The Nigerian Naira experienced mixed changes in the foreign exchange markets yesterday.
In the parallel market, the Naira strengthened to N1,565 per dollar, up from N1,585 recorded last Friday.
However, in the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira depreciated to N1,548.76 per dollar.
According to data from FMDQ, the indicative exchange rate for NAFEM increased to N1,548.76 per dollar from N1,500.32 per dollar on Monday, marking a depreciation of N48.44 for the Naira. The market also saw an 11.04% rise in dollar turnover, reaching $280.92 million compared to $269.88 million traded on Monday.
Consequently, the margin between the parallel market and NAFEM rate narrowed to N16.08 per dollar from N84.64 per dollar on Monday.
CHAN Qualifier: Super Eagles held to goalless draw against Ghana
Premier League: Liverpool extend lead with dominant 6-3 win over Spurs
Jubilation as Tinubu orders lifting of mining ban in Zamfara
Trump vows to target LGBTQ policies on first day of presidency
Kwara community seek justice for suspect allegedly tortured to death by police
Lookman strikes as Atalanta stages 3-2 comeback against Empoli
Opinion: Nigeria’s hostages in law: Chidi Anselm Odinkalu
UNN honours Enugu Governor Peter Mbah with Doctor of Laws Degree
La Liga: Mbappe shines in Real Madrid’s 4-2 victory over Sevilla
Osimhen double powers Galatasaray to dominant 5-1 victory against Kayserispor
BREAKING: Ten dead, several others injured in stampede during Christmas food distribution in Abuja
Death sentence for chicken theft sparks legal, public controversy in Osun State
BREAKING: Tragedy in Anambra community as stampede kills many during Christmas rice distribution
Systemic inefficiency, major reason for stampedes in Oyo, Abuja, Anambra – Obi
NNPCL reduces petrol price to ₦899 per litre amid rising competition in downstream sector
110+ heartfelt christmas wishes and messages to spread love and cheer
Tinubu cancels Lagos events to mourn stampede victims in FCT, Anambra
Lagos-Calabar Coastal Highway to be commissioned May 2025: Umahi
Abuja Stampede: Nine victims discharged as Minister orders free treatment
IGP orders investigation into palliative stampedes in Abuja, Anambra
