Naira rises, trades at 1,600/$ in parallel market
The naira yesterday appreciated to N1,600 per dollar in the parallel market from N1,605 per dollar last weekend. But the Naira depreciated to N1,550 per dollar in the Nigerian Foreign Exchange Market (NFEM). Data published by the Central Bank of Nigeria (CBN), showed that the exchange rate for the naira rose to N1,550 per dollar from N1,547 per dollar last …