In the parallel market, the value of the Naira fell yesterday, from N1,520 per dollar last weekend to N1,525 per dollar.
However, on the Nigerian Autonomous Foreign Exchange Market, or NAFEM, the value of the Naira increased to N1,339.33 per dollar.
The indicative exchange rate for NAFEM dropped from N1,482.81 per dollar last weekend to N1,339.33 per dollar this past weekend, according to data from FMDQ, indicating a N143.48 appreciation for the naira.
As a result, on Friday of last week, the difference in value between the parallel market and NAFEM rates grew to N185.67 per dollar from N37.19 per dollar.
