The Naira rose to N1,725 per dollar in the parallel market Wednesday, up from N1,730 on Monday.
However, the Naira remained constant at N1,672.69 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
FMDQ data showed that the naira’s indicative exchange rate has remained stable since Monday. The volume of dollars transacted (turnover) fell by 18.2 percent to $207.86 million from $254.1 million on Monday.
As a result, the difference between the parallel market and NAFEM rates fell to N52.31 per dollar from N57.31 per dollar on Monday.
