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Yesterday, the Naira fell in the parallel market to N1,739 per dollar from N1,735 per dollar on Wednesday.
In contrast, it strengthened to N1,601.2 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM), where the indicative exchange rate dropped from N1,654.09 per dollar, reflecting a N52.89 appreciation.
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Additionally, the volume of dollars traded in the official market surged by 69 percent, reaching $230.99 million compared to $136.68 million on Wednesday.
As a result, the gap between the parallel market and NAFEM rates widened to N137.8 per dollar, up from N80.91 per dollar the previous day.
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