The Naira appreciated in the parallel market on Thursday, trading at N1,565 per dollar, up from N1,570 per dollar recorded the previous day.
However, in the Nigerian Foreign Exchange Market (NFEM), the currency weakened, settling at N1,515.06 per dollar, compared to N1,511.63 per dollar on Wednesday, marking a depreciation of N3.43.
Data from FMDQ Exchange indicated that the difference between the official exchange rate and the parallel market rate narrowed to N49.94 per dollar, down from N58.37 per dollar recorded on Wednesday.