See Exchange Rate Tonight As Naira Appreciates In Parallel Market

Naira appreciated to N1,730 per dollar in the parallel market from N1,740 per dollar last weekend.

However, the Naira depreciated to N1,681.42 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.

Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,681.42 per dollar from N1,678.87 per dollar last Friday indicating N2.55 depreciation for the naira.

Consequently, the margin between the parallel market and the NAFEM rate narrowed to N48.58 per dollar from N61.13 per dollar last week Friday.