Naira down to N1,400/$ in parallel market

By Elizabeth Adegbesan

The Naira yesterday depreciated to N1,400 per dollar in the parallel market from N1,390 per dollar last weekend.

However, the naira appreciated to N1,356 per dollar in the Nigerian Foreign Exchange Market, NFEM.

Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the market fell to N1,356 per dollar from N1,365.4 per dollar last weekend, indicating N9.4 appreciation for the naira. 

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