PRESIDENT TINUBU CONGRATULATES MINISTER OF STATE FOR FOREIGN AFFAIRS AMBASSADOR ENIKANOLAIYE ON HIS BIRTHDAY. (PHOTO).

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 PRESIDENT TINUBU CONGRATULATES MINISTER OF STATE FOR FOREIGN AFFAIRS AMBASSADOR ENIKANOLAIYE ON HIS BIRTHDAY   President Bola Tinubu has congratulated the Minister of State for Foreign Affairs, Ambassador Sola Enikanolaiye, on his birthday.    A statement by Bayo Onanuga, Special Adviser to the President, Information and Strategy, indicates that the President describes Ambassador Enikanolaiye as a distinguished diplomat, accomplished administrator and dedicated public servant whose career reflects professionalism, patriotism and a deep commitment to Nigeria.   Ambassador Enikanolaiye served in the Ministry of Foreign Affairs from August 1982 to August 2017, rising through the ranks to become Permanent Secretary. He later served as Senior Special Assistant to the President on Foreign Affairs and International Relations before he was appointed Minister of State for Foreign Affairs.   President Tinubu commends the celebrant’s significant contributions to Nige...
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NAIRA DEPRECISTES TO N1, 610/$ IN PARALLEL MARKET. (PHOTO).

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 Naira depreciates to N1,610/$ in parallel market


The Naira on Friday depreciated to N1,610 per dollar in the parallel market from N1,580 per dollar on Thursday.


Similarly, the Naira yesterday depreciated to N1,609.29 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.


Data from FMDQ showed that the indicative exchange rate for NAFEM  rose to N1,609.29  per dollar from N1,603.8  per dollar on Thursday, indicating N5.49 kobo depreciation for the naira.


The volume of dollars traded (turnover) in the market increased by 28.6 percent to $168.63 million from $131.09 million traded on Thursday .


Consequently, the margin between the parallel market and NAFEM rate narrowed to 71 kobo  per dollar from N18.8 per dollar  on Thursday.

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