THE Naira yesterday appreciated to N1,396 per greenback within the parallel market from N1,400 per greenback final Thursday.
Nonetheless, the naira depreciated to N1,389 per greenback within the Nigerian Overseas Alternate Market, NFEM.
Knowledge from the Central {Bank} of Nigeria, CBN, confirmed that the indicative change fee for the naira rose to N1,389 per greenback from N1,382.75 per greenback final Thursday, reflecting N6.25 depreciation for the naira.
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Consequently, the margin between the parallel and official markets narrowed to N5 per greenback from N17.25 per greenback final week Thursday.
The info additionally confirmed that the variety of offers on the interbank market stood at 71, representing a 18 p.c decline from 87 offers recorded final week Thursday.
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