Naira depreciates to N1,495/$ in parallel market

The Naira, Wednesday, depreciated in the parallel market to N1,495 per dollar from N1,470 per dollar on Tuesday.

However, the Naira appreciated to N1,462.59 per dollar in the Nigerian Autonomous Foreign Exchange Market, (NAFEM).

Consequently, the margin between the parallel market and NAFEM rates widened to N33.59 per dollar from N4.32 per dollar on Tuesday.