The new details received from the FMDQ board showed that the indicative exchange rate for NAFEM fell to N1,481.49 per dollar from N1,488.6 per dollar on Wednesday showing that N7.11 which appreciate for the naira.
The volume of dollars turnover traded on the window increased by 3.83 percent to $213.31 million from $205.43 million traded on Wednesday.
Consequently, the margin between the parallel market and NAFEM rates narrowed to N13.51 per dollar from N21.4 per dollar on Wednesday.