The naira yesterday depreciated to N1,230 per dollar in the parallel market from N1, 225 per dollar last week Friday. However, the naira appreciated to N872.59 per dollar in the official Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N872.59 per dollar from N885.88 per dollar last weekend, indicating a N13.29 appreciation for the naira.
