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The naira fell to N1,405 per dollar in the parallel market, down from N1,375 on Wednesday.
Similarly, the naira fell to N900.96 per dollar on the Nigerian Foreign Exchange Market (NAFEM).
According to FMDQ data, the indicative exchange rate for NAFEM increased to N900.96 per dollar from N882.24 per dollar on Wednesday, meaning that the naira depreciated by N18.76.
As a result, the difference between the official and parallel market currency rates increased to N504.04 per dollar yesterday from N492.76 per dollar on Wednesday.
cc: Vanguard Ng
