The naira yesterday appreciated to ₦1,560 per dollar in the parallel market from ₦1,565 last Friday. However, it weakened slightly in the Nigerian Foreign Exchange Market (NFEM), falling to ₦1,538.4 per dollar from ₦1,534.9, a ₦3.5 depreciation.
According to Central Bank of Nigeria (CBN) data, the gap between the parallel market and NFEM rates narrowed to ₦21.6 from ₦30.1 per dollar last weekend.