Similarly, the naira appreciated to N888.35 per dollar in
the official Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for
NAFEM fell to N888.35 per dollar from N889.86 per dollar last week Friday,
indicating a N1.51 appreciation for the naira.
As a result, the gap between the official and parallel
market exchange rates narrowed to N351.65 per dollar yesterday from
N360.14 per dollar last week Friday.