
The naira yesterday weakened in the parallel market, falling to ₦1,560 per dollar from ₦1,555 on Tuesday.
However, it strengthened in the Nigerian Foreign Exchange Market (NFEM), closing at ₦1,535.4 per dollar.
According to Central Bank of Nigeria (CBN) data, the official rate improved from ₦1,536.8 per dollar on Tuesday, reflecting a ₦1.4 gain.
As a result, the gap between the parallel market and NFEM rates widened to ₦24.6 per dollar, up from ₦18.2 per dollar the previous day.