The Nigerian Naira has shown a slight appreciation, trading at N1,640 per dollar in the parallel market, up from N1,650 per dollar.
In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira depreciated to N1,541.52 per dollar, still representing a N2.5 appreciation from the previous rate of N1,544.02 per dollar.
The volume of dollars traded in the official market declined significantly to $190.57 million, while the margin between the parallel and NAFEM rates narrowed to N98.48 per dollar.
This development comes amid ongoing economic discussions and concerns over inflation, which recently dropped to 32.15%.
Vanguard.
