- The Nigerian Naira appreciated to N1,660 per dollar in the parallel market.
- The Naira depreciated to N1,550 per dollar in the official foreign exchange market.
- The depreciation in the official market indicates a N10 loss in value for the Naira.
The Nigerian Naira experienced mixed fortunes in the foreign exchange market yesterday. In the parallel market, the Naira appreciated to N1,660 per dollar, a slight gain from N1,662 per dollar last weekend. However, in the official foreign exchange market, the Naira depreciated to N1,550 per dollar, indicating a N10 loss in value.
