On Friday, the Nigeria note fell to N1,590 per dollar on the parallel market, down from N1,585 on Thursday.
Similarly, the Naira fell to N1,579.89 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
According to FMDQ data, the indicative exchange rate for NAFEM increased to N1,579.89 per dollar from N1,564.4 per dollar on Thursday, meaning that the naira depreciated by N15.49.
The dollar volume traded in the market fell 22.7% to $115.23 million from $149.24 million on Thursday.
As a result, the gap between the parallel market and the NAFEM rate shrank to N10.11 per dollar from N20.52 per dollar on Thursday.
