The Nigeria naira on Thursday depreciated to N1,240 per dollar in the parallel market from N1,235 per dollar on Wednesday.
However, the naira appreciated to N895.23 per dollar in the Nigerian Foreign Exchange Market (NAFEM), thus widening the gap between the official and parallel market exchange rates to N344.77 per dollar yesterday from N199.88 per dollar on Wednesday.
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N895.23 per dollar from N1,035.12 per dollar on Wednesday, indicating N139.77 appreciation for the naira.z
The time Naira reached this low was last Christmas Day. Then naira exchanged to the dollar at 1,233/$ on December 25, 2023, but at the parallel market, according to Bureau de Change operators.
Figures obtained from Abokifx showed that the Pound Sterling was bought and sold at 1,550/ £ and 1,565/ £, while Euro was 1,290/€ and 1,305/€ respectively.
