{"id":497,"date":"2025-05-15T11:42:40","date_gmt":"2025-05-15T11:42:40","guid":{"rendered":"https:\/\/cedarmulti.com.ng\/tolu\/?p=497"},"modified":"2025-05-15T11:42:46","modified_gmt":"2025-05-15T11:42:46","slug":"naira-depreciates-to-n1635-in-parallel-market","status":"publish","type":"post","link":"https:\/\/cedarmulti.com.ng\/tolu\/2025\/05\/15\/naira-depreciates-to-n1635-in-parallel-market\/","title":{"rendered":"Naira depreciates to N1,635\/$ in parallel market"},"content":{"rendered":"<p class=\"has-text-color has-link-color has-medium-font-size wp-elements-1 wp-block-paragraph\" style=\"color:#070808\">The naira yesterday depreciated to N1, 635 per dollar in the parallel market from N1,625 per dollar on Tuesday. The Naira has recorded a 1.8 percent or N29 depreciation in the parallel market from the beginning of this month till date.<\/p><p class=\"has-text-color has-link-color has-medium-font-size wp-elements-2 wp-block-paragraph\" style=\"color:#070808\">However, the Naira appreciated to N1,596 per dollar in the Nigerian Foreign Exchange Market (NFEM),<br>Data published by the Central Bank of Nigeria, CBN showed that the exchange rate for the naira fell to N1,596 per dollar from N1,599.8 per dollar on Tuesday, indicating a N3.8 appreciation for the naira.<\/p><p class=\"has-text-color has-link-color has-medium-font-size wp-elements-3 wp-block-paragraph\" style=\"color:#070808\">Consequently, the margin between the parallel market and NFEM rate widened to N39 per dollar from N25.2 per dollar on Tuesday.<\/p><p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.outbrain.com\/what-is\/default\/en\"><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>The naira yesterday depreciated to N1, 635 per dollar<\/p>\n","protected":false},"author":1,"featured_media":498,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_siteseo_robots_primary_cat":"5","pagelayer_contact_templates":[],"_pagelayer_content":"","_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":["post-497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/cedarmulti.com.ng\/tolu\/wp-content\/uploads\/2025\/05\/image-144.webp","_links":{"self":[{"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/posts\/497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/comments?post=497"}],"version-history":[{"count":1,"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/posts\/497\/revisions"}],"predecessor-version":[{"id":499,"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/posts\/497\/revisions\/499"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/media\/498"}],"wp:attachment":[{"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/media?parent=497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/categories?post=497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cedarmulti.com.ng\/tolu\/wp-json\/wp\/v2\/tags?post=497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}