The naira on Tuesday weakened further in the parallel market, trading at N1,485 per dollar, down from N1,475 per dollar recorded on Monday.
However, data from the Central Bank of Nigeria (CBN) showed that the currency remained stable at N1,454 per dollar in the Nigerian Foreign Exchange Market (NFEM).
With the latest movement, the gap between the parallel market rate and the NFEM widened to N31 per dollar, compared to N21 per dollar the previous day.
The continued divergence between both markets has raised fresh concerns among traders and analysts about rising demand pressures and slow supply into the official market.
