The naira slipped to N1,474 per dollar on the parallel market yesterday, down from N1,465 recorded on Monday. However, the currency strengthened in the Nigerian Foreign Exchange Market, appreciating to N1,441 per dollar.
Fresh data from the Central Bank of Nigeria shows the official rate improved from N1,452 to N1,441, marking an N11 gain.
Also Read: PENGASSAN backs NUPENG strike threat, vows to halt refinery operations
The divergence has widened the gap between both markets, with a N33 difference now recorded, up sharply from N13 on Monday. Authorities continue to monitor pressure on the currency across trading windows.
Leave feedback about this
You must be logged in to post a comment.