The naira appreciated to N1,395 per dollar in the parallel market on Friday, strengthening by N10 from N1,405 on Thursday. In the official Nigerian Foreign Exchange Market, the currency remained stable at N1,322.5 per dollar, according to Central Bank of Nigeria data. The gap between the parallel and official rates narrowed to N72.5 per dollar from N82.5. Analysts attributed a cautiously positive outlook to improved foreign exchange liquidity, rising external reserves, and elevated crude oil prices.
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