The Naira depreciated to ₦1,585 per dollar in the parallel market from ₦1,580 per dollar recorded over the weekend.
However, the Naira appreciated to ₦1,533 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Data published by the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira fell to ₦1,533 per dollar from ₦1,538 per dollar last week Friday, indicating ₦5 appreciation for the naira.
As a result, the margin between the parallel market and NFEM rate widened to ₦52 per dollar from ₦42 per dollar last weekend.
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