This was contained in data published by market trackers and outlets citing CBN/NFEM figures put the official market at about ₦1,464–₦1,466. Alternative NFEM/CBN reporting (end-of-day series) — ₦1,465.2 per US$1 (market data services).

CBN official bulletin/market series (some reports) — ₦1,470.26 per US$1 (other media citing CBN/Efem closing).
Parallel/AbokiFX (black-market) — about ₦1,470–₦1,480 per US$1; several local market trackers reported parallel quotes clustered in this band on Tuesday.

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In the black market, the Nigerian currency tumbled against its American counterpart on Monday by N10 to quote at N1,475/$1 versus the previous trading session’s N1,465/$1.

The depreciation came as pressure mounted amid the absence of visible interventions in the past week, even as there were strong signals at the beginning of the last quarter of the year.

There are expectations that continue FX inflows and steady interventions by the apex bank will see the local currency trade within the N1,480 and N1,500 range.

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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.

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