The Naira appreciated to N1,580 per dollar in the parallel market yesterday, down from N1,610 per dollar last Friday.
However, it depreciated to N1,611.4 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
FMDQ data showed the indicative exchange rate for NAFEM rose to N1,611.4 per dollar from N1,609.29 per dollar over the weekend, marking a N2.11 depreciation.
The volume of dollars traded increased by 6.3 percent to $179.34 million from $168.63 million last weekend, widening the margin between the parallel market and NAFEM rates to N31.4 per dollar from 71 kobo per dollar last Friday.
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