Naira depreciates to N1,740/$ in parallel market
The Naira yesterday depreciated to N1,740 per dollar in the parallel market from N1,735 per dollar on Tuesday.
Similarly , the Naira appreciated to N1,645.4 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
The volume of dollars traded (turnover) in the market rose by 122.5 percent to $236.84 million from $106.44 million sold on Tuesday.
Consequently, the margin between the parallel market and NAFEM rate widened to N94.6 per dollar from N45.12 per dollar on Tuesday.
