The Naira has seen a slight appreciation, trading at N1,545 per dollar in the parallel market on Friday, up from N1,552 per dollar on Thursday. This marks a N7 improvement.
In the official Nigerian Foreign Exchange Market (NFEM), the Naira also gained ground, strengthening to N1,531 per dollar from N1,533 per dollar on the previous day, reflecting a modest N2 rise.
According to data from the Central Bank of Nigeria (CBN), the gap between the parallel market and the NFEM rate has reduced to N14 per dollar, down from N19.80 on Thursday.
Over the past week, the Naira experienced a N5.9 gain in the official market while seeing a slight dip of N5 in the parallel market.
