Skip to content
Friday 12 June 2026
  • Home
  • Advertise with us
  • Contact
The Frontier
Click to read
The Frontier
  • News
  • Crime
  • Politics
  • Headlines
  • Education
  • Health
  • Business & Economy
  • Sports
  • More
    • International
    • Religion
    • Entertainment
    • Info Tech
    • Matilda Showbiz
      • Gists
      • Music
      • Gossips
      • Oga MAT
      • Romance
    • Arts & Culture
    • Environment
    • Opinion
    • Features
    • Epistles of Anthony Kila
    • EyeCare with Dr Priscilia Imade
The Frontier
  • News
  • Crime
  • Politics
  • Religion
  • Headlines
  • Education
  • International
  • Business & Economy
  • Entertainment
  • Sports
  • Arts & Culture
  • Environment
  • Health
  • Matilda Showbiz
    • Gists
    • Music
    • Gossips
    • Oga MAT
    • Romance
  • Opinion
  • Epistles of Anthony Kila
  • EyeCare with Dr Priscilia Imade
  • Info Tech
  • Interview
The Frontier
Click to read
Business & Economy
Business & Economy

Naira depreciates in parallel market

The FrontierThe FrontierOctober 11, 2024 3000 Minutes read0

•Naira notes

The Naira appreciated to N1,690 per dollar in the parallel market from N1,670 per dollar yesterday.

Similarly, the Naira depreciated to N1,641.27 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,641.27 per dollar from N1,622.57 per dollar on Thursday, indicating N18.7 depreciation for the naira.

The volume of dollars traded (turnover) in the official market increased by 323.7 percent to $616.73 million from $145.56 million traded yesterday.

Consequently, the margin between the parallel market and NAFEM rate widened to N48.73 per dollar from N47.53 per dollar yesterday.

Tags
depreciatesNairaparallel market
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post LCCI raises concerns over fuel price hike, warns of business disruptions
next post BREAKING: Late goal gives Nigeria’s Super Eagles narrow win over Libya
Related posts
  • Related posts
  • More from author
Business & Economy

Max Air operations grounded nationwide over N9 billion debt

June 11, 20260
Business & Economy

Naira to Dollar exchange rate today

June 11, 20260
Business & Economy

FG launches Rev360 to expose tax evaders, ease compliance

June 11, 20260
Load more
Read also
Inside Akwa Ibom Today

inside the Hill top newspaper

February 9, 20250
News

Clergy laments weak security in Southwest, urges region’s governors to wake up

June 12, 20260
Sports

USA to play first World Cup finals game on home soil since 1994

June 12, 20260
Headlines

HAPPENING NOW: Protest rocks Lagos over hardship, insecurity

June 12, 20260
Africa

Why we hate Nigerians – Confessions of a South African woman

June 12, 20260
Politics

Democracy Day: ADC faults Tinubu’s record, says democracy must deliver security, prosperity

June 12, 20260
Politics

Democracy Day: Tinubu hails 27 years of democracy, honours June 12 heroes •FULL LIST

June 12, 20260
Load more

inside the Hill top newspaper

February 9, 2025

Clergy laments weak security in Southwest, urges region’s governors to wake up

June 12, 2026

USA to play first World Cup finals game on home soil since 1994

June 12, 2026

HAPPENING NOW: Protest rocks Lagos over hardship, insecurity

June 12, 2026

Why we hate Nigerians – Confessions of a South African woman

June 12, 2026

Democracy Day: ADC faults Tinubu’s record, says democracy must deliver security, prosperity

June 12, 2026

inside the Hill top newspaper

0 Comments

Clergy laments weak security in Southwest, urges region’s governors to wake up

0 Comments

5 burnt to death scooping fuel from fallen tanker

0 Comments

Naira slumps further as dollar scarcity bites harder

0 Comments

BREAKING: Appeal Court sacks Senate Minority Leader, orders election rerun

0 Comments

Again, Trump fined $10,000 for violating gag order

0 Comments

Follow us

FacebookLike our page
InstagramFollow us
YoutubeSubscribe to our channel
WhatsappContact us
Latest news
1

inside the Hill top newspaper

February 9, 2025
2

Lagos-Calabar road project: Afenifere demands Tinubu’s impeachment

June 7, 2025
3

Fuel queues resurface in Lagos

April 5, 2024
4

Kano APC secretariat wears new look ahead of Supreme Court hearing •PHOTOS

December 21, 2023
5

Iran-Israel truce: Germany, China back ceasefire deal

June 24, 2025
6

Three killed, others injured after vehicle crashed into crossing elephant in Uganda

May 25, 2026
Popular
1

inside the Hill top newspaper

February 9, 2025
2

Senate passes vote of confidence in Akpabio, Natasha faces Ethics Committee

February 26, 2025
3

Trending: Nigeria’s fake Professors list that turned out to be fake

January 9, 2024
4

We’re not disturbed by El-Rufai’s defection to SDP – APC

March 10, 2025
5

US-based Nigerian woman arrested for murder after daughter’s death in hot car

October 21, 2025
6

Go after bigger fish, not Yahoo Boys – Appeal Court judge slams anti-corruption agents

December 2, 2024

About The Frontier

The Frontier is Nigeria’s leading online newspaper. It is published by Okims Media Links Limited headed by Sunny Okim, a veteran journalist who is widely known as The Grandmaster, fondly called so by colleagues and friends for being Nigeria’s pioneer movie journalist.

Most viewed

inside the Hill top newspaper

February 9, 2025

Again, varsities face lockdown as workers begin strike today

October 28, 2024

PRP to Tinubu: You’ve failed to protect lives of Nigerians, resign now!

June 4, 2026

Police accused of assaulting, firing at protesting varsity students

March 30, 2026

Fuel subsidy proceeds: Finance Minister pleads for closed-door session with lawmakers

January 9, 2025
Top posts

Categories

  • News4635
  • Politics4249
  • Crime4018
  • International2807
  • Sports2329
  • Business & Economy2156
  • Headlines2101
  • Education1289
  • Matilda Showbiz914
  • Health823
  • Entertainment758
  • Africa499
  • Religion466
  • Environment325
  • Special264
  • Arts & Culture227
  • Info Tech226
  • Hunger protests in Nigeria224
  • Interview178
  • Inside Akwa Ibom Today178
  • Opinion148
  • EyeCare with Dr Priscilia Imade120
  • Advert30
  • Epistles of Anthony Kila19
  • Trends17
  • Local News5

© 2026 The Frontier, Published by Okims Media Links Limited.

designed by winnet services

  • Home
  • Advertise with us
  • Contact