The Naira appreciated to N1,725 per dollar in the parallel market on Tuesday, up from N1,730 per dollar on Monday.
Meanwhile, the Naira remained stable at N1,672.69 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
According to data from the FMDQ, the indicative exchange rate for the Naira has shown stability since Monday.
However, the turnover of dollars traded dropped by 18.2 percent, from $254.1 million on Monday to $207.86 million.
As a result, the gap between the parallel market and NAFEM rate decreased to N52.31 per dollar, compared to N57.31 per dollar on Monday.
