The Naira fell to N1,665 per dollar in the parallel market Friday, down from N1,660 per dollar the previous weekend.
However, the Naira rose to N1,534.56 per dollar in the official foreign currency market.
According to data issued by the Central Bank of Nigeria (CBN), the exchange rate for the Nigerian Foreign Exchange Market (NFEM) decreased to N1534.56 per dollar from N1,535 per dollar last week Friday, suggesting a 44-kobo appreciation in the naira.
As a result, the spread between the parallel market and the NFEM rate increased to N130.44 per dollar from N125 per dollar last weekend.
