Similarly, the Naira depreciated to N1,476.24 per dollar in
the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Labour shuts Nigeria as wage talks resume today0.00 / 0.00
Data from FMDQ showed that the indicative exchange rate for
NAFEM rose to N1,476.24 per dollar from N1,473.66 per dollar on Tuesday,
indicating N2.58 depreciation for the naira.
The volume of dollars traded on the window fell by 76 per
cent to $92.68 million from $385.91 million on Tuesday.
Consequently, the margin between the parallel market and
NAFEM rates widened to N23.76 per dollar from N11.34 per dollar on Tuesday.