The naira on Thursday appreciated to one thousand three hundred naira per dollar in the parallel market from one thousand, three hundred and five naira per dollar on Wednesday.
However , the naira depreciated in the Nigerian Foreign Exchange Market (NAFEM) on Thursday to eight hundred and thirty-seven point four-nine naira per dollar.
Vanguard gathered that the data from FMDQ showed that the indicative exchange rate for the I&E window rose to eight hundred and thirty-seven point four-nine per dollar from eight hundred and one point one in naira per dollar on Tuesday, indicating thirty-six point three-nine depreciation for the naira.
Consequently, the gap between the official and parallel market exchange rates narrowed to four hundred and sixty-two point one per dollar on Thursday.
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