The data published by the Central Bank of Nigeria, CBN, revealed that Naira appreciated to #1530 per dollar in the Nigerian Foreign Exchange Market (NFEM) but depreciated to #1,560 per dollar in the parallel market from N1,555.
It will be recalled that naira fell to N1,530 per dollar from N1,534 on Thursday, indicating N4 appreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate widened to N30 per dollar from N21 per dollar on Thursday.
The naira gained N8 against the dollar in the official market this week after opening at a depreciation of N1,538.4 per dollar.
However, the naira recorded no gain or loss against the dollar in the parallel market during the period as it opened and ended the week at N1,560 per dollar.
The development of Gurara Suleja and Tafa Federal Constituency…..My priority
