The naira appreciated against the US dollar on Friday, trading at N1,625/$ in the parallel market, up from N1,630/$ the previous day.
Similarly, the local currency strengthened in the Nigerian Foreign Exchange Market (NFEM), where it also appreciated to N1,626/$.
According to data from the Central Bank of Nigeria (CBN), the indicative exchange rate dropped to N1,626/$ on Friday from N1,630/$ the day before, marking a N4 gain for the naira.
As a result, the gap between the parallel market and NFEM rates widened to N4, after both rates matched on Thursday.
