News

Naira falls to N1250/$ in parallel market

Naira exchanged for N1250 to a dollar in the parallel market today, December 15.

 

This represented a N20 increase from the exchange rate recorded on Thursday, December 14. The Naira also appreciated to N889.86 per dollar in the official Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N889.86 per dollar from N901.41 per dollar on Thursday, indicating an N11.55 appreciation for the naira.

 

The recent development indicated that the official and parallel market exchange rates have widened to N360.14 per dollar, from N328.59 recorded on Thursday.

TruetellsNigeria

Recent Posts

ZENITH TECH FAIR 4.0 ENDS ON A HIGH AS HACKATHON WINNERS GET N77.5M CASH REWARD

  A total sum of N77.5 million in prize money was won at the end…

10 hours ago

Warri agog as Delta Security Trust boss wins Toyota Prado in Glo promo

Warri was agog with excitement on Thursday as the Board Chairman of Delta State Security…

10 hours ago

At UBA Business Series, Experts Say Innovation, Passion Crucial to building Successful businesses

    Building businesses that stand the test of time requires a blend of innovation,…

1 day ago

Breaking: Speaker Obasa Clarifies Negative Perceptions As Sanwo-Olu Presents 2025 Budget

  Speaker of the Lagos State House of Assembly, Rt. Hon. Mudashiru Obasa, on Thursday…

1 day ago

How Primate Ayodele Foretold Simon Ekpa’s Arrest In 2023 (VIDEO)

Simon Ekpa, a Finnish-Nigerian separatist agitator and self-proclaimed Prime Minister of the Biafra Republic Government…

1 day ago

LAWMA INTENSIFIES ENFORCEMENT, SEALS RESTAURANT

The Lagos Waste Management Authority (LAWMA) has intensified enforcement activities around the state, leading to…

2 days ago