Tag
DOLLAR
Dollar supply at the official forex market dipped by 42.2% on Thursday to stand at $123.69 million.
At the parallel market, the naira remained stable at N505/$1, the same as recorded since Friday, 9th July 2021.
Naira depreciated against the US dollar on Tuesday to close at N411.75 to a dollar, a 0.06% decline compared to N411.5/$1 recorded on Monday.
Naira appreciated against the US dollar on Monday, closing at N411.5 to a dollar, representing a 0.06% gain.
At the parallel market, naira fell against the US dollar to close at N505/$1.
The exchange rate also depreciated against the US dollar at the parallel market to close at N503/$1 compared to N502/$1 recorded on Tuesday.
The naira remained stable at the parallel market as it closed at N502 to a dollar on Tuesday.
The exchange rate at the parallel market depreciated by 0.4% to close at N502/$1 compared to N500/$1 recorded the previous day.
Naira remained stable against the US dollar on Friday to close at N411.67 to a dollar, the same as recorded on the previous day.
Cocoa futures have plunged this year amid the rising dollar.
The exchange rate gained at the parallel market to close at N493/$1 on Thursday, compared to N502/$1 recorded on Wednesday.
Naira appreciated at the parallel market to close at N502/$1 on Wednesday, compared to N505/$1 recorded on the previous day.