By Elizabeth Adegbesan
The Naira today depreciated to N1,495 per dollar in the parallel market from N1,490 per dollar on Monday.
Similarly, the Naira depreciated to N1,467.01 per dollar in the Nigerian Foreign Exchange Market (NFEM).
Data published by the Central Bank of Nigeria, CBN, showed that the exchange rate for the naira rose to N1,467.01 per dollar from N1,460 per dollar on Monday, indicating N7.01 depreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate widened to N27.99 per dollar from N23 per dollar on Monday.
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