The parallel market saw an increase in the value of the Naira yesterday, from N1,525 per dollar on Monday to N1,500 per dollar.
In a similar vein, the value of the Naira increased on the Nigerian Autonomous Foreign Exchange Market, or NAFEM, to N1,339.33 per dollar.
The indicative exchange rate for NAFEM dropped from N1,481.23 to N1,339.33 per dollar, according to data from FMDQ, suggesting a N141.9 appreciation for the naira.
As a result, on Monday, the difference between the NAFEM rates and the parallel market was N43.77 per dollar, but on Tuesday it was N160.67.