The Naira has appreciated in the parallel market to ₦1,475 per dollar from ₦1,480 per dollar last weekend.
The naira also appreciated to ₦1,468.99 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to ₦1,468.99 per dollar from ₦1,497.33 per dollar last week Friday, indicating ₦28.34 appreciation for the naira.
Consequently, the margin between the parallel market and NAFEM rates narrowed to ₦6.01 per dollar from ₦10.33 per dollar last weekend.
