Naira appreciates to N1,380/$ in parallel market

The Naira appreciated to N1,380 per dollar in the parallel market on Friday from N1,385 on Thursday. In the Nigerian Foreign Exchange Market, the naira appreciated to N1,329.99 per dollar from N1,331, indicating a N1.01 gain. The margin between the parallel and official markets narrowed to N50.01 per dollar from N54. Interbank turnover in NFEM increased by 93.2 percent to $162.7 million from $84.2 million on Thursday.

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