The Central of Nigeria(CBN) has disclosed that the naira on Tuesday appreciated to N1,525 per dollar in the parallel market from N1,530 per dollar on Monday.
Similarly, according to the data published by the apex bank, the Naira appreciated to N1,506.5 per dollar in the Nigerian Foreign Exchange Market (NFEM)
The CBN data showed that the exchange rate of the naira fell to N1,506.5 per dollar from N1,513 per dollar on Monday , indicating N6.5 appreciation for the Naira.
Consequently, the margin between the parallel market and NFEM rate widened to N18.5 per dollar from N17 per dollar on Monday.
