Naira gains against Dollar, exchanges at 790/$1 in official forex market

Naira gains against Dollar, exchanges at 790/ in official forex market

DAILY POST

The Naira appreciated at the close of work on Wednesday against the Dollar as it exchanged at N790/$1 at the official window.

This is according to FMDQ Wednesday’s forex trading report.

Wednesday’s rate of N790/$1 represented a N58 disparity from the N848/$1 traded on Tuesday.

However, DAILY POST reported that Naira had continued its free-fall at the parallel market, exchanging between N1060 and 1100 against a Dollar.

This indicates that the disparity between the official and parallel market is widening drastically, worsening the forex crisis.

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Naira gains against Dollar, exchanges at 790/$1 in official forex market

 

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