The Nigerian naira today performed impressively at both the parallel market and the Nigerian Foreign Exchange Market (NFEM).
This it did by appreciating in exchange rate to the dollar at both markets.
At the parallel market, the exchange rate was N1,375 per dollar as against the N1,380 it did yesterday
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At the NFEM, the Nigerian naira appreciated to N1,349 per dollar, data from the Central Bank of Nigeria (CBN), has shown.
The indicative exchange rate for the official market fell to N1349 per dollar from N1350.45 per dollar on Thursday, indicating N1.45 appreciation for the naira.
The data also showed that the margin between the parallel and official markets narrowed to N29 per dollar from N29.55 per dollar on Thursday.
The value of interbank turnover in NFEM rose by 130.8 percent to $232.9 billion from $100.9 billion on Thursday.
