Naira rises to N1, 530/$ at parallel market
On the parallel market, the value of the Naira increased from N1,535 per dollar on Thursday to N1,530 per dollar today. In a similar vein, the value of the Naira increased on the Nigerian Autonomous Foreign Exchange Market, or NAFEM, to N1,509.67 per dollar.
The indicative NAFEM exchange rate increased to N1,509.67 per dollar on Thursday from N1,520.24 per dollar on Thursday, according to data from FMDQ, suggesting a N10.57 gain for the naira.
The amount of money exchanged in the market, or turnover, decreased by 32.6 percent to $116.88 million from $173.51 million on Thursday.
As a result, on Thursday, the difference between the NAFEM rates and the parallel market was N20.33 per dollar, compared to N14.76 per dollar on Thursday.
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