The Naira has continued to appreciate against the dollar at the parallel foreign exchange market.
This comes as the Naira strengthened to N1,500 against the dollar in the black market on Thursday from N1,505 exchanged on Wednesday.
A Bureau de Change operator in Wuse Zone 4, Abubakar Alhasan, while speaking with Daily Post said that “dollars are sold at a minimum rate of N1,500 per dollar on Thursday from N1,505 the previous day.”
This showed that the Naira gained N5 against the dollar compared to N1505 traded on Wednesday.
Recall that the Naira has maintained sustained appreciation at the parallel FX market.
Meanwhile, at the official market, the Naira stood at N1,509.03 per dollar as of Wednesday from N1,507.2 traded on Tuesday this week, according to the Central Bank of Nigeria’s official data.