The Nigerian Naira appreciated in value to other currencies yesterday, exchanging for N1,560 per dollar in the parallel market
It was N1,565 per dollar on Monday.
This is according to data made available by Data published by the Central Bank of Nigeria (CBN), which showed that it was a different ball game in other markets.
At the Nigerian Foreign Exchange Market (NFEM), the Naira depreciated to N1,530.5 per dollar in the
The exchange rate for the naira rose to N1,530.5 per dollar from N1,529.5 per dollar on Monday, indicating N1 depreciation.
READ ALSO: Exchange Rate Of The Naira Against The Dollar Today
READ ALSO: Earn In Dollars & Pounds: A Guide To Export Business
The margin between the parallel market and NFEM rate had narrowed to N29.5 per dollar from N35.5 per dollar the previous day.
The Nigerian Naira has remained a victim of exchange rate volatility in the market, with economists professing a diversity of reasons.
Cami Ezenwa is a Writer, Editor, Publicist, Biographer and Journalism Trainer
He has worked with the Daily Times, Daily Independent, Financial Standard and Business Television to mention some.
His ongoing Corporate Communications Master Class training series equips learners with credible hands-on skills for effective Media Relations, Public Communications & Corporate Affairs amongst others.
He can be contacted via 09165809519 or 08180335778.