Yesterday, the Naira saw an increase in value on the parallel market, reaching N1,475 per Dollar, a slight improvement from its previous standing at N1,480 per Dollar over the weekend. Similarly, within the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira strengthened to N1,468.99 per dollar.
![Exchange Rate Naira (News Central TV)](http://newscentral.africa/wp-content/uploads/Exchange-Rate-Naira-News-Central-TV.jpg)
Data sourced from FMDQ revealed that the indicative exchange rate within NAFEM dropped to N1,468.99 per Dollar, down from N1,497.33 per Dollar recorded the previous Friday, marking a noteworthy appreciation of N28.34.
Consequently, the margin between the parallel market and NAFEM rates contracted to N6.01 per dollar, a reduction from the N10.33 per Dollar observed last weekend.