News Update
THE Naira has depreciated against the US dollar in both the parallel market and the Nigerian Foreign Exchange Market (NFEM).
In the parallel market, the Naira traded at N1,537 per dollar, down from N1,535 per dollar on Wednesday.
Similarly, in the NFEM, the Naira depreciated to N1,498 per dollar from N1,485.5 per dollar on Tuesday, indicating a N12.5 depreciation for the Naira.
According to data published by the Central Bank of Nigeria (CBN), the margin between the parallel market and NFEM rate narrowed to N39 per dollar from N49.95 per dollar on Tuesday.
This development reflects the ongoing fluctuations in the value of the Nigerian currency against the US dollar in both official and parallel foreign exchange markets.
The Osun State chapter of the All Progressives Congress(APC) has enjoined the members of the…
THE campaign organisation of Dr Akin Ogunbiyi has debunked a viral video circulating on social…
The Lagos State Ministry of Justice has released four policemen and a developer, Abiodun Ariori,…
Operatives of the Nigeria Security and Civil Defence Corps, Lagos State Command, have busted a…
Operatives of Anti-Crime Patrol, Orerokpe Division in Okpe Local Government Area of Delta State have…
Mr Peter Obi of the African Democratic Congress, ADC, has expressed concern over what he…