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Wednesday, March 12
Naija News reports that recent data released by the Central Bank of Nigeria (CBN) shows that the exchange rate for the Nigerian Foreign Exchange Market (NFEM) decreased from ₦1,506 per dollar on Wednesday to ₦1,493 per dollar, reflecting a ₦13 appreciation for the Naira.
The exchange rate for a dollar to naira at LagosParallel Market (Black Market)players buy a dollar for N1610 and sell at N1620 on Friday 31st January 2025, according to sources atBureau De Change (BDC).
As a result, the gap between the parallel market rate and the NFEM rate increased to ₦127 per dollar, up from ₦124 per dollar the previous day..
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