The naira yesterday depreciated to N1,362 per dollar in the parallel market, from N1,357 recorded on Monday.
However, the naira appreciated in the Nigerian Foreign Exchange Market, NFEM, where it closed at N1,331.5 per dollar.
Data from the Central Bank of Nigeria, CBN, showed that the indicative exchange rate improved from N1,332.9 per dollar on Monday to N1,331.5, representing a N1.4 appreciation.
The development widened the gap between the parallel and official markets to N30.5 per dollar, compared with N24.1 recorded on Monday.
Meanwhile, trading activity in the NFEM increased sharply, with interbank turnover rising by 334.8 per cent to 313.6 million dollars, from 72.12 million dollars recorded on Monday.
