Prime Business Africa
The parallel market recorded N1,479.99 kobo per dollar on Monday, January 12, compared to the N1,477 per USD reported on Friday, January 9, indicating the naira depreciated by 0.20 percent.
Also, the foreign exchange rate for the American greenback increased by N2.99 kobo, according to Naira Rates, the black market rates aggregator.
Join our WhatsApp ChannelThe aggregator also said the British and the European currencies traded flat at N2,204.4 kobo per £1, and N1,753.5 kobo per €1, respectively.
However, the pound appreciated in value to N1,915.16 kobo per £1 in the Nigerian foreign exchange market (NFEM), also known as the official window, on Monday.
This represents an increase of N3.81 kobo or 0.19 percent, when compared to the N1,911.35 kobo per £1 posted on Friday, according to the Central Bank of Nigeria (CBN).
For the euro, the foreign exchange (FX) rate increased to N1,661.10 kobo per €1, from the N1,657.54 kobo per €1 reported on Friday.
This represents a 0.21 percent decline in the value of the naira and a N3.56 kobo in the foreign exchange rate.
In addition, the parallel market recorded N1,479.99 kobo per dollar, compared to the N1,477 per USD reported on January 9, indicating the naira depreciated by 0.20 percent.
Also, the foreign exchange rate for the American greenback increased by N2.99 kobo, according to Naira Rates, the black market rates aggregator.
The aggregator also said the British and the European currencies traded flat at N2,204.4 kobo per £1, and N1,753.5 kobo per €1, respectively.
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