- The Naira depreciated to N1,668 per dollar in the parallel market.
- The Naira appreciated to N1,534.6 per dollar in the official foreign exchange market.
- The margin between the parallel market and official market rate widened to N133.4 per dollar.
The Naira has experienced a mixed performance in the foreign exchange market. As of yesterday, the Naira depreciated to N1,668 per dollar in the parallel market, a decline from N1,600 per dollar on Wednesday.
However, in the official foreign exchange market, the Naira appreciated to N1,534.6 per dollar, indicating a gain of N10.4 from N1,545 per dollar on Wednesday.
The widening margin between the parallel market and the official market rate is notable, increasing to N133.4 per dollar from N55 per dollar on Wednesday.
