Data released by the Central Bank of Nigeria (CBN) shows the exchange of the Naira to the dollar in both the official and unofficial markets.
At the parallel market also known as the black market, the Naira depreciated to N1,387 per dollar from N1,380 per dollar on Wednesday.
The naira also depreciated to N1,372.75 per dollar in the Nigerian Foreign Exchange Market (NFEM), the CBN data showed.
The indicative exchange rate for the market rose to N1,372.75 per dollar from N1,372.5 per dollar on Wednesday, reflecting 70 kobo depreciation for the naira, the apex bank says.
READ ALSO: Here’s The Dollar To Naira Exchange Rate Today,
Also, the margin between the parallel and official markets narrowed to N14.25 per dollar from N7.95 per dollar on Wednesday.
The turnover in the interbank foreign exchange market declined by 70.5 percent to $116.04 million from $68.02 million the previous day.
Cami Ezenwa is a Writer, Editor, Publicist, Biographer and Journalism Trainer
He has worked with the Daily Times, Daily Independent, Financial Standard and Business Television to mention some.
His ongoing Corporate Communications Master Class training series equips learners with credible hands-on skills for effective Media Relations, Public Communications & Corporate Affairs amongst others.
He can be contacted via 09165809519 or 08180335778.