The naira today depreciated by N1 to N477/$ in the parallel market.
Data from naijabdcs.com, shows that the parallel market exchange rate rose to N477/$ at the close of business today from N476/$ yesterday. This translates to N1 depreciation of the naira.
However, the Naira recorded a stable rate at the Importer and Exporter (I&E) window as it maintained N394/$ rate at the close of business today.
The volume of dollars (turnover) traded in the I&E window today, rose slightly by 0.27 per cent from $219 million to $219.60 million yesterday.