   The exchange rate for a dollar to naira at the Lagos Parallel Market had a dollar sell for between N1210 and N1215 on Monday 1st January 2024, according to sources at Bureau De Change (BDC).
However, the naira appreciated to N872.59 per dollar in the official Nigerian Foreign Exchange Market (NAFEM).
Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N872.59 per dollar from N885.88 per dollar last weekend, indicating a N13.29 appreciation for the naira.
Consequently, the gap between the official and parallel market exchange rates widened to N357.41 per dollar yesterday from N339.12 per dollar last week Friday.
The volume of dollars traded on the window increased by 39 percent to $127.93 million from $92.16 million traded last weekend
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