The naira rose from N1,625 to N1,620 per dollar on Monday to N1,620 per dollar yesterday on the parallel market.
However, on the Nigerian Foreign Exchange Market (NFEM), the value of the Naira dropped to N1,598.69 per dollar.
Data published by FMDQ showed that the exchange rate for the naira rose slightly to N1,598.69 per dollar from N1,597 per dollar on Monday, indicating N1.69 depreciation for the naira.
Consequently, the margin between the parallel market and NFEM rate narrowed to N21.31 per dollar from N28 per dollar on Monday.
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