I-Media TV News: *Naira Appreciates to N1,560/$ in Parallel Market, Depreciates in Official Market* The Naira appreciated to N1,560 per dollar in the parallel market, improving from N1,590/$ recorded on Thursday. However, in the Nigerian Foreign Exchange Market (NFEM), the Naira depreciated slightly to N1,502.5/$, down from N1,502/$ the previous day, according to Central Bank of Nigeria (CBN) data. This led to a widened gap between the parallel market and official exchange rates, now standing at N57.5/$ compared to the previous 88 kobo/$ difference. The Naira has been fluctuating throughout the week in both market segments. Traders in the black market attributed the currency’s appreciation to low demand and high supply of dollars. They also projected that the Naira may stabilize around N1,500/$ in the coming week. *Source: Vanguard News*