Yesterday, the Naira rose to N1,550 per dollar on the parallel market, up from N1,565 per dollar on Tuesday.
Similarly, the Naira rose to N1,509.53 per dollar on the Nigerian Foreign Exchange Market (NFEM).
According to FMDQ data, the Naira’s indicative exchange rate declined to N1,509.53 per dollar from N1,510.33 per dollar on Tuesday, representing an 80-kobo appreciation.
As a result, the difference between the parallel market and NFEM rates fell to N40.47 per dollar, down from N54.67 per dollar on Tuesday.
