The Naira has achieved its first appreciation against the dollar at the foreign exchange market since Friday last week as foreign exchange supply increased.
Data from FMDQ showed that the Naira strengthened to N1,601.20 per dollar on Thursday from N1,654.09 exchanged on Wednesday.
This represents a significant N52.89 gain against the dollar compared to the N1,654.09 exchange rate the previous day.
Meanwhile, at the black market, the Naira slipped to N1,735 per dollar on Thursday from N1,730 traded on Wednesday.
The development is coming as foreign exchange transaction turnover rose to $230.99 million on Thursday from $136.68 million the previous day.
