Naira Weakens to N1,140/$ on Parallel Market, Now N850/$ on I&E

  • News
  • November 16, 2023
  • 0 Comments

Naira Weakens to N1,140/$ on Parallel Market, Now N850/$ on I&E

Tamarauemi Ebimini

The naira depreciated marginally against the dollar on the parallel market where it exchanged at N1,140/$ yesterday, compared with the N1,130/$ it closed the previous day.  Also, on the official I&E window the naira depreciated to N850.22/$, from the N795.41/$ it closed on Monday.

However, intra-day trade from the data obtained from the FMDQ showed that the highest spot rate exchanged on the I&E was N1099/$ while the lowest spot rate recorded was N701/$.

Furthermore, the official I&E window reported a daily volume turnover of $ 143.55 million. This figure indicated a 16.48 per cent increase in turnover, compared to the $123.25 million recorded on Monday.

  • Related Posts

    • News
    • September 22, 2026
    Olabode Omoyele charges Aiyedatiwa on security, hails vacate order to criminals in Ondo forest reserves

    Olabode Omoyele charges Aiyedatiwa on security, hails vacate order to criminals in Ondo forest reserves A chieftain of the All Progressives Congress (APC) in Ondo State, Mr. Olabode Omoyele, has…

    • News
    • September 21, 2026
    Oluremi Tinubu at 66: She’s mother of the nation, beacon of hope — Olabode Omoyele

    Oluremi Tinubu at 66: She’s mother of the nation, beacon of hope — Olabode Omoyele As First Lady marks birthday First Lady of Nigeria, Senator Oluremi Tinubu is adding a…

    Leave a Reply

    You Missed

    Education: Olabode Omoyele salutes Ondo Ministry for rehabilitating unruly SS3 students

    Olabode Omoyele charges Aiyedatiwa on security, hails vacate order to criminals in Ondo forest reserves

    Olabode Omoyele charges Aiyedatiwa on security, hails vacate order to criminals in Ondo forest reserves

    Niger Deaths: House Speaker Demands Answers As Probe Begins Into Custody Tragedy.

    Niger Deaths: House Speaker Demands Answers As Probe Begins Into Custody Tragedy.

    Akpabio Turns To Prayer As Security Challenges Remain A National Concern.

    Akpabio Turns To Prayer As Security Challenges Remain A National Concern.

    Tinubu Tasks Police On Public Trust As Nigeria Moves Toward 2027 Elections.

    Tinubu Tasks Police On Public Trust As Nigeria Moves Toward 2027 Elections.

    Abuja Projects Take Centre Stage As Wike Pushes Contractors On Delivery Deadlines.

    Abuja Projects Take Centre Stage As Wike Pushes Contractors On Delivery Deadlines.