Naira appreciates across official, black market
At both official and unofficial foreign currency markets, the value of the naira increased relative to the US dollar.
According to the Central Bank of Nigeria's exchange, it strengthened little versus the dollar on Thursday, moving from N1,526.15 on Wednesday to N1,525.83 on Thursday.
This shown that on a daily basis, the value of the naira increased by N0.32 relative to the dollar.
According to the DAILY POST, the naira is strengthening versus the dollar at the official market this week for the fourth consecutive week.
The naira gained N10 versus the dollar on the parallel foreign exchange market, closing at N1,560 on Thursday after trading at N1,570 the day before.
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