The Naira, yesterday, fell to N1,600 per dollar in the parallel market, down from N1,590 per dollar over the weekend.
In contrast, the Naira gained value in the Nigerian Autonomous Foreign Exchange Market (NAFEM), appreciating to N1,579.22 per dollar from N1,579.89 per dollar last Friday, according to FMDQ data.
This represents a 67 kobo increase in the Naira’s value.
Trading volume in NAFEM rose by 41.4% to $162.99 million, up from $115.23 million the previous weekend.
As a result, the gap between the parallel market rate and the NAFEM rate widened to N20.78 per dollar from N10.11 per dollar last Friday.