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IMF commendation sparks strong gains for Naira across parallel, official markets 

The naira appreciated to N1,565 per dollar on Thursday at the parallel market, up from N1,580 per dollar on Wednesday, according to a Nairametrics market survey in Lagos.


The naira remained largely stable during the week as it stood at N1580/$1 between Tuesday and Wednesday, down from N1575/$1 on Monday at the parallel market, according to Nairametrics data.


The exchange data released by the Central Bank of Nigeria (CBN) on Wednesday shows that the naira strengthened to N1,525 against the dollar on Wednesday, improving from the N1,527 it traded on Tuesday.

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