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Home » Naira Depreciates to 1,639/$ at Parallel Market

Naira Depreciates to 1,639/$ at Parallel Market

The downward slide of the local currency worsened yesterday as the naira exchanged for N1, 639.41 to a dollar at the official rate.

Staff Writer by Staff Writer
September 6, 2024
in Finance
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Hot money in Nigeria - Naira | official market
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Nigeria’s naira exchanged for N1, 639.41 to a dollar at the official rate.

The downward slide of the local currency worsened yesterday, Thursday, September 5, 2024.

The figure yesterday indicated a whooping loss of N34 after the dollar exchanged for N1,606 the previous day, according to the Nigerian Autonomous Foreign Exchange Market (NAFEM) rate.

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Also the black market rate also dipped yesterday as the naira lost N5 against the dollar, exchanging at N1,645/$1, as against N1,640 the previous day.

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