Naira appreciates massively against dollar in official, black markets

The Naira appreciated massively at the official and parallel foreign exchange markets on Friday to end the week on a good note.
The Central Bank of Nigeria’s exchange market data showed that the Naira appreciated to N1,535 per dollar on Friday from N1,567 per dollar on Thursday.
This showed that the Naira gained N32 against the dollar compared to the N1,567 exchange rate on Thursday.
However, the FMDQ data showed that the Naira had the lowest and highest exchange rates between N1,480 and N1,700.76 per dollar at the close of work on Friday.
At the black market, the Naira strengthened to N1600 per dollar on Friday from N1715 exchanged on Thursday.
This showed that the Naira appreciated by N115 against the dollar on Friday compared to N1,717 traded the previous day