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Similarly, the naira yesterday depreciated to N1,503.38 per
dollar in the Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for
NAFEM fell to N1,503.38 per dollar from
N1,499.07 per dollar on Tuesday,
indicating N4.31 depreciation for the naira.
As a result, the gap between the official and parallel
market exchange rates widened to N61.65 per dollar yesterday from N10.93 per
dollar on Tuesday.
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.jpeg & description=Naira Depreciate to 1565/$ in Parallel Market ){kind=link}
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