The Central Bank of Nigeria, or CBN, released data showing that the exchange rate for the naira fell to N1,536.8 per dollar from N1,538.4 per dollar on Monday, indicating a N2.2 appreciation for the naira. 

As a result, the margin between the parallel market and NFEM rate narrowed to N18.2 per dollar from N21.6 per dollar on Monday. 

The Naira appreciated to N1,555 per dollar in the parallel market yesterday from N1,560 per dollar on Monday, and it also appreciated to N1,536.8 per dollar in the Nigerian Foreign Exchange Market (NFEM).

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