On Wednesday, the Naira started on a positive note appreciating to N1,715 per dollar on the parallel market, an indication that the pressure on the foreign exchange (FX) market is gradually easing.
This appreciation marks a gain of N15 compared to the N1,730 rate from the previous day in this market, commonly referred to as the black market.
Additionally, the naira strengthened in the official market, rising by 0.9 per cent. The dollar was quoted at N1,658.36 on Tuesday, down from N1,672.92 on Monday according to data from the Nigerian Autonomous Foreign Exchange Fixing (NAFEX), as reported by FMDQ Securities Exchange Limited.
