The Naira has valued further against the Dollar at the parallel foreign exchange market.
This comes as the Naira recorded the biggest gain against the dollar at the black market on Thursday on a week-on-week basis.
Information from reliable source reveals that the Naira strengthened to N1570 per dollar on Thursday from N1590 per dollar traded on Wednesday.
This means that N20 was gained on a day-to-day basis, the highest appreciation since the commencement of trade this week.
However, at the official market, the Naira fell from N1,499.76 exchanged the previous day to N1,500.65.
Summarily after Thursday’s trading across FX markets, it can be reported that the Naira firmed up by 20 and dropped N0.89 at the black and official markets, respectively.
This significant development comes as the Central Bank of Nigeria on Wednesday strengthened oversight on BDC operators in the country.
The apex bank’s Trade and Exchange Department capped weekly FX sales to BDC operators at $25,000.