Yesterday, the Naira depreciated in parallel market to N1,610 per dollar from N1,600 per dollar last Friday.
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira fell to N1,596.6 per dollar from N1,570.14 per dollar last week, marking a depreciation of N26.46.
Read Also: Face Of Mohammed NIA DG, Ajayi DSS Boss Emerge
According to FMDQ data, the volume of dollars traded in NAFEM decreased by 17.3 percent, dropping to $102.93 million from $120.81 million the previous weekend.
As a result, the gap between the parallel market rate and the NAFEM rate narrowed to N13.4 per dollar, compared to N29.86 per dollar last weekend.
