Naira Appreciates to N1,680 per Dollar In Parallel Market.
At the close of workday on Monday October 14, Naira Appreciated from N1,690 to N1,680.
The Naira also appreciated to N1,552.92 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM as data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1,552.92 per dollar from N1,641.27 per dollar last weekend, indicating a massive N88.35 appreciation for the naira.
This happened even as the volume of dollars traded in the official market declined by 44 percent to $343.71 million from $616.73 million traded last week Friday.
