BREAKING: Naira Appreciates Against Dollar In Parallel Market, See New Rate Today

The value of the Naira increased in the parallel market, rising to N1,460 per dollar from N1,470 per dollar on Monday.

In the Nigerian Foreign Exchange Market (NFEM), the Naira appreciated to N1,447 per dollar, up from N1,450 per dollar on the previous day.

According to data released by the Central Bank of Nigeria (CBN), this represents a N3 appreciation for the Naira.

As a result, the margin between the parallel market and NFEM rate narrowed to N13 per dollar from N20 per dollar on Monday.