Naira rises to N1,394/$ in parallel market (opens original article in a new tab)

The Naira appreciated to N1,394 per dollar in the parallel market and N1,369 per dollar in the Nigerian Foreign Exchange Market, with a narrowing margin between parallel and official markets.

• Naira appreciated to N1,394 per dollar in parallel market from N1,405 per dollar last weekend.
• Naira also appreciated to N1,369 per dollar in Nigerian Foreign Exchange Market (NFEM).
• Indicative exchange rate fell to N1,369 per dollar from N1,371.5 per dollar last weekend.