The naira on Tuesday weakened slightly in the parallel market, dropping to N1,455 per dollar from N1,440 recorded on Monday.
However, the currency gained strength at the official market, appreciating to N1,349.5 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Figures from the Central Bank of Nigeria (CBN) showed that the indicative exchange rate improved to N1,349.5/$, up from N1,354.9/$ on Monday, representing a N5.4 appreciation for the naira.
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As a result, the gap between the parallel market rate and the official exchange rate widened to N105.5 per dollar, the widest margin recorded so far this year, compared to N85.1 on Monday.
