It is a good turn as Naira, has on Monday appreciated to N1,080 per dollar in the parallel market, from N1,230 per dollar last weekend.
Notably, Naira appreciated in the Nigerian Foreign Exchange Market, NAFEM, to N1,136.04 per dollar While Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,136.04 per dollar from N1,143.38 per dollar last week Friday, indicating N7.34 appreciation for the naira.
Having the margin between the parallel market and NAFEM rates at N56.04 per dollar from N86.62 per dollar last Friday.