Naira appreciates to N1,362/$ in parallel market

The Naira appreciated to N1,362 per dollar in the parallel market on Thursday, up from N1,370 the previous day. In the Nigerian Foreign Exchange Market (NFEM), the Naira depreciated to N1,332 per dollar from N1,329.5, according to Central Bank of Nigeria data. The margin between the parallel and official markets narrowed to N30 per dollar from N40.5. Interbank turnover in NFEM fell by 14.19 percent to $154.02 million from $179.5 million.

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