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Currency: fall in the naira on the official and parallel market

10/07/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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Le The naira depreciated on the official Nigerian autonomous and parallel foreign exchange market on Monday.

The naira fell to 1,523.85 per dollar, depreciating from the previous close of 1,509.67 per US dollar, on the official Nigerian autonomous foreign exchange market. The naira hit an intraday high of 1,540.75 and a low of 1,474.05 per dollar. Revenue was $133.46 million, up from $116.88 million on Friday, which indicates improved market liquidity

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PUNCH Sur le marché parallèle, results revealed that the naira depreciated by 0.33%, ending the day at 1,528 to the dollar against 1,523 to the dollar on Friday.

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