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The Naira has gained against the dollar.
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The naira yesterday appreciated to N1, 580 per dollar in the parallel market from N1,610 per dollar last week Friday.
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But, the Naira yesterday depreciated to N1,611.4 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
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Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,611.4 per dollar from N1,609.29 per dollar over the weekend, indicating N2.11 depreciation for the naira.
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The volume of dollars traded (turnover) in the market increased by 6.3 percent to $179.34 million from $168.63 million traded last weekend.
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Consequently, the margin between the parallel market and NAFEM rate widened to N31.4 per dollar from 71 kobo per dollar last week Friday.