Naira drops to N1,485 per dollar in parallel market
On the parallel market, the Naira fell from N1,475 per dollar on Monday to N1,485 per dollar yesterday.
However, according to Nigerian Foreign Exchange Market (NFEM) data released by the Central Bank of Nigeria, CBN, the naira remained steady at N1,454 per dollar.
Consequently, the difference between the NFEM rate and the parallel market grew from N21 per dollar on Monday to N31 per dollar.
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