Yesterday, the Naira rose to N1,490 per dollar on the parallel market, up from N1,502 per dollar on Tuesday.
Similarly, the Naira gained to N1,499.8 per dollar on the Nigerian Foreign Exchange Market (NFEM).
According to FMDQ data, the naira’s indicative exchange rate decreased to N1,499.8 per dollar from N1,501 per dollar on Tuesday, representing a 20-kobo appreciation.
As a result, the difference between the parallel market and the NFEM rate increased to N9.8 per dollar from 50 kobo per dollar the previous day.
