Naira Depreciates to N1,600/$, as Bitcoin Dips Below $50K
On Monday, the Naira depreciated to N1,600 per dollar in the parallel market from N1,590 last weekend. However, it appreciated to N1,607.15 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on the same day. Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,607.15 per dollar from N1,617.08 per […]