The naira on Friday appreciated to 1,245 per dollar on the parallel market, stronger than the rate at the official and Bureau De Change (BDC) segment of the foreign exchange (FX) market.
At the official FX market, the dollar was quoted at N1,25507 on Thursday, while it quoted around N1,269/$1 at the BDC segment.
The Association of the Bureau De Change Operators of Nigeria (ABCON) is in talks with the Central Bank of Nigeria (CBN) over FX rate adjustment.
A recent circular from the CBN said the apex bank sold dollars at N1,251 to the BDC operators and directed them to sell to eligible customers at a rate not exceeding 1.5 percent above the purchase price.