Naira Don Drop Reach N1,474/$ For Parallel Market

Yesterday, di Naira don drop reach N1,474 per dollar for di parallel market from N1,465 per dollar wey e dey on Monday. For di same time, di Naira still appreciate small reach N1,441 per dollar for di Nigerian Foreign Exchange Market (NFEM).

Data wey di Central Bank of Nigeria, CBN, release show say di exchange rate for di Naira don fall reach N1,441 per dollar from N1,452 per dollar on Monday, meaning say Naira don gain N11. As result, di gap wey dey between di parallel market and NFEM don widen reach N33 per dollar from N13 per dollar wey e dey on Monday.