The Naira has depreciated to N1,739 per dollar in the parallel market, down from N1,735 per dollar recorded on Wednesday.
According to data from FMDQ, the Naira saw some gains in the Nigerian Autonomous Foreign Exchange Market (NAFEM), appreciating to N1,601.2 per dollar from N1,654.09 per dollar on Wednesday, marking a N52.89 increase in value.
Dollar trading volume in the official market surged by 69%, rising from $136.68 million to $230.99 million on Thursday.
Additionally, data released on October 24 revealed that the rate gap between the parallel market and NAFEM widened to N137.8 per dollar, up from N80.91 per dollar the previous day.
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