The Naira appreciated to N1,725 per dollar in the parallel market yesterday, up from N1,730 on Monday.
In contrast, the Naira remained stable at N1,672.69 per dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM).
According to data from FMDQ, the indicative exchange rate for the Naira has shown consistent stability since Monday.
However, the volume of dollars traded saw an 18.2 percent decrease, falling to $207.86 million from $254.1 million on Monday.
As a result, the gap between the parallel market and NAFEM rates narrowed to N52.31 per dollar, down from N57.31 on Monday.
