Yesterday, the Naira increased from N1,390 on the parallel market to N1,387 per dollar.

In the Nigerian Foreign Exchange Market (NFEM), the naira also increased to N1,322.9 per dollar.

The indicative exchange rate for the naira dropped to N1,322.9 per dollar from N1,320 per dollar on Monday, according to data from the Central Bank of Nigeria (CBN), suggesting a N2.9 increase in the value of the local currency.

 As a result, the difference between the official and parallel markets shrank from N70 per dollar on Monday to N64.1 per dollar. Interbank turnover in NFEM fell from $107.07 million on Monday to $55.6 million, a 48.07 percent decrease.

Source