The Naira further depreciated in the parallel market to N1,520 per dollar from N1,510 per dollar on Wednesday.
At the Nigerian Autonomous Foreign Exchange Market (NAFEM), the country’s currency depreciated to N1,510.1 per dollar.
The new rates widen the margin between the parallel market and NAFEM to N10 per dollar from N2.17 per dollar on Wednesday.
According to data from FMDQ, the indicative exchange rate for NAFEM rose to N1,510.1 per dollar from N1,507.83 per dollar on Wednesday.
That signifies a N2.27 depreciation for the Naira.
