In the parallel market, the Naira has fallen to N1,140 per dollar, down from N1,060 on Thursday.
Similarly, the Nigerian Foreign Exchange Market (NAFEM) saw it fall to N1,169.99 per dollar.
According to FMDQ data, the indicative exchange rate for NAFEM increased to N1,169.99 per dollar from N1,154.98 per dollar on Thursday, implying a devaluation of N15.01.
The market achieved an intraday high of N1,236 per dollar and an intraday low of N1,021 per dollar, yielding a margin of N215.
The volume of dollars transacted on the window fell by 53.2% to $86.86 million from N185.62 million on Thursday.
Naira
As a result, the gap between parallel market and NAFEM rates shrank to N29.99 per dollar from N94.08 per dollar on Thursday.
Source: Vanguardngr.com
