The naira yesterday depreciated to N1,565 per dollar in the parallel market from N1,510 per dollar on Tuesday.
Similarly, the naira yesterday depreciated to N1,503.38 per dollar in the Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,503.38 per dollar from N1,499.07 per dollar on Tuesday, indicating N4.31 depreciation for the naira.
As a result, the gap between the official and parallel market exchange rates widened to N61.65 per dollar yesterday from N10.93 per dollar on Tuesday.
The Osun State chapter of the All Progressives Congress (APC) has directed chairmen on the…
The apex Igbo socio-cultural organization, Ohanaeze Ndigbo, has called on President Bola Ahmed Tinubu to…
There is looming fuel scarcity in Lagos and other parts of Nigeria as tanker drivers…
AGF Fagbemi: Osun LG elections conducted by Adeleke ‘invalid, egregious breach of the Constitution My…
Human rights lawyer, Dele Farotimi, has condemned the description of former Military President, Ibrahim Badamasi Babangida (IBB)…
The National President of the Afenifere Youth Council, Prince Eniola Ojajuni, has been abducted by…