By Hope Temitope
In the parallel market yesterday, the Naira depreciated to N1,600 per dollar, from N1,590 last weekend.
However, the Naira yesterday appreciated in the Nigerian Autonomous Foreign Exchange Market, NAFEM, to N1,607.15 per dollar.
Data also showed from FMDQ that the indicative exchange rate for NAFEM fell to N1,607.15 per dollar from N1,617.08 per dollar last week Friday, indicating N9.93 appreciation for the naira.
Dollars traded in the market, declined by 41.3 per cent to $77.09 million from $131.55 million traded last weekend.
Apparently, the margin between the parallel market and NAFEM rate narrowed to N7.15 per dollar from N27.08 per dollar, Friday, last week.
