Naira on Friday, depreciated to N1,590 per dollar in parallel market from N1,585 per dollar on Thursday.
Gatekeepers News reports that Naira also depreciated to N1,579.89 per dollar in Nigerian Autonomous Foreign Exchange Market (NAFEM).
Data from FMDQ reveal that indicative exchange rate for NAFEM rose to N1,579.89 per dollar from N1,564.4 per dollar on Thursday, as naira depreciated with N15.49.
Volume of dollars traded in the market decreased by 22.7 percent to $115.23 million from $149.24 million traded on Thursday.
As a result, margin between parallel market and NAFEM rate narrowed to N10.11 per dollar from N20.52 per dollar on Thursday.
