The Naira appreciated to N1,585 per dollar in the parallel market, improving from N1,600 on Monday. In the Nigerian Autonomous Foreign Exchange Market (NAFEM), it increased to N1,601 per dollar from N1,607.15.
Additionally, the trading volume of dollars fell by 19.7% to $61.9 million. Consequently, the disparity between parallel market and NAFEM rates expanded to N16 per dollar.