Naira Falls To N1200/$ In Parallel Market, Gains 11% In NAFEM
The naira depreciated on Thursday to N1,1200 per dollar in the parallel market from N1,172 per dollar on Wednesday. However, the naira yesterday appreciated to N843.07 per dollar in the Nigerian Foreign Exchange Market (NAFEM). Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N843.07 per dollar from N951.22 per dollar…