The naira on Thursday sustained its week-long positive run against the dollar in both the official and parallel markets.
According to data published by the the Central Bank of Nigeria (CBN), the Naira appreciated to ₦1,536.47 per dollar in the Nigerian Foreign Exchange Market (NFEM).
This represents a ₦13 gain compared to Wednesday’s value when the local currency traded at ₦1,549.26/$1. This marks the biggest recovery in the last two months.
The positive trend also reflected in the parallel market where the local currency gained ₦25, currently trading at ₦1,575 per dollar.
