Naira appreciates to N1,620 per dollar in parallel market
The naira rose from N1,625 to N1,620 per dollar on Monday to N1,620 per dollar yesterday in the parallel market.
However, on the Nigerian Foreign Exchange Market (NFEM), the value of the Naira dropped to N1,598.69 per dollar.
The naira depreciated by N1.69, according to data released by FMDQ, which revealed that the exchange rate increased little to N1,598.69 per dollar from N1,597 per dollar on Monday.
As a result, the difference between the NFEM rate and the parallel market dropped from N28 to N21.31 per dollar on Monday.
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