Naira depreciates to N1,362/$ in parallel market

The Naira depreciated to N1,362 per dollar in the parallel market from N1,357 on Monday. It appreciated to N1,331.5 per dollar in the Nigerian Foreign Exchange Market (NFEM). The margin between the parallel and official markets widened to N30.5 per dollar. Interbank turnover in NFEM increased by 334.8 percent to $313.6 million.

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