The Naira yesterday appreciated in the parallel market to N1,700 per dollar, up from N1,705 per dollar on Monday.
Conversely, the Naira depreciated to N1,669.15 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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Data from FMDQ indicated that the indicative exchange rate for NAFEM decreased to N1,669.15 per dollar from N1,541.94 per dollar on Monday, reflecting a N127.2 appreciation for the Naira.
In the official market, the volume of dollars traded (turnover) fell by 2.97 percent to $176.45 million, down from $181.86 million on Monday. As a result, the gap between the parallel market and NAFEM rate narrowed to N30.85 per dollar, down from N163.06 per dollar on Monday.