The Naira strengthened against the dollar in the parallel market, reaching N1,555 per dollar on Monday, up from N1,570 per dollar last Friday.
However, in the Nigerian Foreign Exchange Market (NFEM), the Naira weakened slightly to N1,512 per dollar, compared to N1,511 per dollar the previous weekend.
According to data from the Central Bank of Nigeria (CBN), the gap between the parallel market and NFEM exchange rates narrowed to N43 per dollar, down from N59 per dollar last week.
READ ALSO:
- 2027 AFCON Qualifiers: Nigeria Struggles As Guinea-Bissau, Morocco, Rwanda lead Groups
- Cyber-Fraud: EFCC Secures Final Forfeiture of 431 Phones from Chinese Convicts
- Beach Soccer AFCONQ: Sand Eagles prepare for Ghana clash with Senegal friendlies
- Indian hospital features Ex-Head of State Abdulsalami in knee surgery advert
- BREAKING: Tinubu to address Nigerians at 66th Independence anniversary
