Yesterday, the naira saw an increase to N1,300 per dollar in the parallel market, up from N1,350 per dollar on Wednesday.
Additionally, in the Nigerian Foreign Exchange Market (NAFEM), the naira strengthened to N902.08 per dollar, as per FMDQ data.
The indicative exchange rate for NAFEM dropped to N902.08 per dollar from N931.23 per dollar on Wednesday, reflecting a N29.15 appreciation for the naira.
Consequently, the gap between official and parallel market exchange rates decreased to N397.92 per dollar yesterday, compared to N418.77 per dollar on Wednesday.
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