Today, the Naira depreciated to N1,725 per dollar in the parallel market, down from N1,710 per dollar on Thursday.
In contrast, the Naira appreciated to N1,600.78 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
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Data from FMDQ revealed that the indicative exchange rate for NAFEM fell from N1,660.49 per dollar on Thursday, reflecting a N59.71 appreciation for the Naira.
Additionally, the volume of dollars traded in the official market increased by 6.2%, rising to $350.72 million from $330.18 million traded the previous day.
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