The Naira appreciated from N1,480 per dollar on Thursday to N1,470 per dollar in the parallel market on Friday.
However, in the Nigerian Foreign Exchange Market, the naira depreciated to N1,431.49 per dollar on Friday.
This showed the exchange rate for NAFEM rose to N1,431.49 per dollar from N1,382.35 per dollar on Thursday, indicating N49.14 depreciation for the naira, according to FMDQ data.
The margin between the parallel market rate and NAFEM narrowed to N38.51 per dollar from N97.65 per dollar on Thursday.
