In the parallel market yesterday, the value of the Naira increased from N1,510 per dollar on Wednesday to N1,495 per dollar.
In a similar vein, the value of the Naira increased on the Nigerian Autonomous Foreign Exchange Market, or NAFEM, to N1,481.49 per dollar.
The indicative exchange rate for NAFEM dropped to N1,481.49 per dollar from N1,488.6 per dollar on Wednesday, according to data from FMDQ, indicating a N7.11 appreciation for the naira.
From $205.43 million on Wednesday, the amount of dollars (turnover) exchanged on the window climbed by 3.83 percent to $213.31 million.
As a result, the difference in prices between the parallel market and NAFEM fell to N13.51 per dollar on Wednesday from N21.4 on Wednesday.