The Naira recorded mixed performance across the foreign exchange markets yesterday, strengthening in the parallel market while slipping at the official window.
On the streets, the currency appreciated to N1,473 per dollar, improving from N1,476 recorded on Wednesday.
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However, data from the Nigerian Foreign Exchange Market (NFEM) showed that the Naira weakened slightly, falling to N1,445.9 per dollar from N1,442 the previous day — a depreciation of N3.9.
With these movements, the gap between the parallel market rate and the NFEM rate narrowed to N27.1, down from N34 on Wednesday, reflecting a tighter spread between both markets.
