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Naira falls by N4 in parallel market

November 28, 2020
in News, Business & Economy, Economy, Finance
Reading Time: 1 min read
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Naira falls by N4 in parallel market
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The Naira depreciated by N4 in parallel market from N489/$, yesterday to N493/$ today, November 27th, 2020 as revealed by data from Naijabdcs.com.

However, forex trading results published by the FMDQ, also showed that the naira appreciated by N2.75 kobo against the United States dollar due to intervention in the foreign exchange market by the Central bank of Nigeria (CBN).

I&E window stood at N390.25/$ at the close of business today, against NN393/$, it closed with yesterday.

The turnover (amount of dollars traded) for the today stood at $100.52 million.

Read Also: BREAKING! CBN directs BDCs to sell dollars at N392/$

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