By Elizabeth Adegbesan
The Naira today depreciated to N1, 375 per dollar from N1, 370 in the parallel market on Wednesday
The naira also depreciated to N1, 331 per dollar in the Nigerian Foreign Exchange Market, NFEM
Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate for the naira rose to N1, 331 per dollar from N1, 32956 per dollar on Wednesday, indicating N1.44 depreciation for the local currency.
Consequently, the margin between the parallel and official markets widened to N44 per dollar from N4044 per dollar on Wednesday.