The naira recorded its first appreciation against the dollar at the official foreign exchange market on Thursday, marking its first gain this week.
Data from the Central Bank of Nigeria, CBN, showed that the naira strengthened to N1,355.88 per dollar on Thursday, compared with N1,358.34 traded the previous day.
This means that the naira appreciated by N2.46 against the dollar at the official foreign exchange market.
Meanwhile, the naira extended its depreciation against the dollar at the parallel market, losing N15 to close Thursday's trading at N1,435 per dollar, compared with N1,420 recorded the previous day.
DAILY POST reports that between Friday last week and Wednesday, the naira depreciated by N11.54 and N20 at the official and parallel foreign exchange markets, respectively.
This comes as the country's external reserves recorded a sustained decline over the last three days, falling to $54.90 billion, according to data from the apex bank on Wednesday.