The Naira saw a boost in value on Friday, rising to N1,530 per dollar in the parallel market from its previous rate of N1,535 per dollar on Thursday.
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In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira also appreciated, reaching N1,509.67 per dollar compared to N1,520.24 per dollar the previous day. This marks a N10.57 increase in value for the Naira, according to data from FMDQ.
However, the market turnover dropped by 32.6 percent, with $116.88 million traded compared to $173.51 million on Thursday.
As a result, the margin between the parallel market and NAFEM rates expanded to N20.33 per dollar from N14.76 per dollar on Thursday.
