Skip to content
Sunday 3 May 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 nosedives further in parallel market

The FrontierThe FrontierFebruary 6, 2024 4230 Minutes read0

The naira yesterday depreciated to N1,455 per dollar in the parallel market from N1,440 per dollar last week Friday.

However, the naira fell to N1,419.86 per dollar in the Nigerian Foreign Exchange Market (NAFEM).

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,419.86 per dollar from N1,435.53 per dollar last weekend, indicating N15.67 appreciation for the naira.

Consequently, the gap between the official and parallel market exchange rates widened to N35.14 per dollar yesterday from N4.47 per dollar last week.

Tags
marketNairanosedivesparallel
FacebookTwitterWhatsAppLinkedInEmailLink
Previous post Nigerians seek relief as states get N3.3tn allocations
next post Kidnapped 2 bus-load passengers: Abductors want N15million to free my wife — Chude
Related posts
  • Related posts
  • More from author
Business & Economy

US-Iran war: FG earns N5 trillion oil windfall in 2 months amid rising fuel hardship

May 3, 20260
Business & Economy

Rice palliative: Nigerians are not beggars – Former Vice President Atiku slams Tinubu’s wife Remi

May 1, 20260
Business & Economy

WORKERS’ DAY: Lagos govt to pay additional N50,000 to workers to cushion economic hardship

May 1, 20260
Load more
Read also
Inside Akwa Ibom Today

inside the Hill top newspaper

February 9, 20250
Politics

APC primaries: Tinubu, Osifo to battle for presidential ticket as 83 governorship hopefuls emerge

May 3, 20260
News

IPOB warns against fake ESN commander claims

May 3, 20260
Sports

EPL: Bournemouth eye European place after crushing Crystal Palace

May 3, 20260
Politics

REVEALED: Real reason I am leaving ADC – Peter Obi

May 3, 20260
Politics

We stand with Peter Obi – Obidient Movement

May 3, 20260
Politics

2027: ADC releases timetable for primaries, sets nomination fees •FULL LIST

May 3, 20260
Load more

inside the Hill top newspaper

February 9, 2025

APC primaries: Tinubu, Osifo to battle for presidential ticket as 83 governorship hopefuls emerge

May 3, 2026

IPOB warns against fake ESN commander claims

May 3, 2026

EPL: Bournemouth eye European place after crushing Crystal Palace

May 3, 2026

REVEALED: Real reason I am leaving ADC – Peter Obi

May 3, 2026

We stand with Peter Obi – Obidient Movement

May 3, 2026

inside the Hill top newspaper

0 Comments

APC primaries: Tinubu, Osifo to battle for presidential ticket as 83 governorship hopefuls emerge

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

Gunmen abduct Catholic Reverend Father

October 28, 2024
3

Plot to remove Damagum as PDP chairman fails

April 18, 2024
4

Governor Zulum, minister, others in Chad to repatriate 7,790 refugees

February 6, 2025
5

Reps drop bill making varsity degree minimum qualification for president, governors

February 13, 2024
6

If you overstay your visa, we’ll deport you – UK tells foreign students

September 2, 2025
Popular
1

inside the Hill top newspaper

February 9, 2025
2

Over 2million candidates enroll as UTME begins nationwide

April 24, 2025
3

BREAKING: EFCC operatives arrest vote-buyers at Edo governorship election

September 21, 2024
4

Man who hit Liverpool parade jailed for over 21 years

December 16, 2025
5

Tunisia, Japan to play 1,000th FIFA World Cup match

March 13, 2026
6

UNILAG council worried over ‘mis-classification’ of universities under MDAs

April 8, 2025

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

JUST IN: Protests rock Kwara, Kaduna over economic hardship

February 27, 2024

TRAGEDY: Woman slumps, dies in boyfriend’s house

January 23, 2026

Remi, Seyi Tinubu’s chieftaincy titles renew Alaafin-Ooni supremacy row

December 27, 2025

JUST IN: 4 days to deadline issued by Organised Labour, Governor Uzodimma approves N70,000 minimum wage for Imo workers

November 26, 2024
Top posts

Categories

  • News4499
  • Politics3956
  • Crime3827
  • International2681
  • Sports2214
  • Business & Economy2092
  • Headlines2055
  • Education1228
  • Matilda Showbiz876
  • Health780
  • Entertainment713
  • Africa447
  • Religion435
  • Environment315
  • Special259
  • Arts & Culture226
  • Hunger protests in Nigeria224
  • Info Tech216
  • Interview175
  • Inside Akwa Ibom Today167
  • Opinion144
  • EyeCare with Dr Priscilia Imade114
  • Advert30
  • Epistles of Anthony Kila19
  • Trends16
  • Local News4

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

designed by winnet services

  • Home
  • Advertise with us
  • Contact