The naira appreciated to N1,500 per dollar at the parallel section of the foreign exchange (FX) market, popularly called black market, on Wednesday.
This signifies an increase of 0.66 per cent from the N1,510 reported at the beginning of the week.
Black market traders said they were buying the US dollar at N1,460 and selling at N1,500, at a margin of N40/$.
Meanwhile, at the official window, the Naira depreciated by 0.78 per cent against the dollar, that is from N1,476.95 to N1,488.60 on Wednesday.
The exchange rate recorded a high of N1,520 and a low of N1,363.85, during trading hours, according to market data from FMDQ Exchange, a platform that oversees the official FX trading in Nigeria.
The daily foreign exchange market turnover was $205.43 million at the close of business.
