The naira appreciated to ₦1,530 per dollar in the parallel market yesterday, up from ₦1,540 on Monday. Similarly, in the Nigerian Foreign Exchange Market (NFEM), the naira strengthened to ₦1,532.5 per dollar, closing ₦2.5 below the parallel market rate. According to data from the Central Bank of Nigeria (CBN), the official exchange rate improved from ₦1,535.5 per dollar on Monday to ₦1,532.5 per dollar, marking a ₦3 gain. As a result, the gap between the parallel and official market rates widened to ₦2.5 per dollar, compared to 50 kobo the previous day.