The Naira rose to N1,725 per dollar in the parallel market Tuesday, up from N1,735 per dollar last Friday.
However, the Naira fell to N1,676.9 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
According to FMDQ data, the indicative exchange rate for NAFEM increased to N1,676.9 per dollar from N1,666.72 per dollar last weekend, meaning that the naira depreciated by N10.18.
The volume of dollars traded (turnover) in the official market fell by 15.6% to $79.47 million from $94.2 million transacted last Friday.
As a result, the gap between the parallel market and the NAFEM rate reduced to N48.1 per dollar, down from N68.28 per dollar the previous weekend.
