The Naira strengthened yesterday, trading at N1,525 per dollar in the parallel market, up from N1,530 per dollar on Monday. In the Nigerian Foreign Exchange Market (NFEM), the currency also gained, settling at N1,506.5 per dollar, according to data from the Central Bank of Nigeria (CBN). This reflects an appreciation of N6.5 from Monday’s rate of N1,513 per dollar. As a result, the gap between the parallel market and NFEM rates widened to N18.5 per dollar, compared to N17 per dollar recorded on Monday.