The naira yesterday recorded further weakness against the United States dollar, with the margin between the official and parallel market exchange rates widening to N13 per dollar.
Figures from the Nigerian Foreign Exchange Market (NFEM) showed that the naira closed at N1,537 per dollar, a one-kobo depreciation from Monday’s N1,536.99 per dollar.
In contrast, the parallel market rate slid to N1,550 per dollar from N1,540 recorded on Monday.
