For the first time, the Naira has strengthened against the Dollar at both the official and parallel foreign markets after maintaining a steady decline throughout last week.
Data from FMDQ showed that the Nigerian currency appreciated marginally to N1,554.65 against the Dollar on Thursday from N1,561.98 traded on Wednesday.
This increase represents a significant gain of N7.33 compared to the N1,561.98 traded on Thursday, indicating a notable shift in its value against the Dollar.
![Naira notes](http://newscentral.africa/wp-content/uploads/Nigerian-Government-Officials-Others-Received-N721-Billion-Bribes-in-2023-–-NBS-News-Central-TV-1024x683.jpg)
The Naira appreciated to N1,550 on Thursday from N1,560 traded on Wednesday at the parallel market. The increase comes as foreign currency turnover hit $348.82 million on Thursday.
The Nigerian currency has declined steadily since last Friday, losing N52.31 in the reference period.