Naira appreciates to N1590 per dollar at parallel market
On Tuesday, the naira was worth N1,595 per dollar, while yesterday it was worth N1,590 per dollar on the parallel market.
Similarly, on the Nigerian Foreign Exchange Market (NFEM), the value of the Naira increased to N1,549 per dollar.
According to data released by the Central Bank of Nigeria (CBN), the value of the naira increased by N1, as the exchange rate dropped from N1,550 to N1,549 per dollar on Tuesday.
As a result, the difference between the NFEM rate and the parallel market dropped from N45 to N41 per dollar on Tuesday.
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