The Nigerian Naira on Thursday, March 16,strengthened against the American Dollar at the parallel or black segment of the Nigerian foreign exchange market.
The local currency added gained two points against the greenback to exchange at N455, from N457 it traded for on Wednesday.
Against the British Pound Sterling, the naira traded at N550 at the parallel market and traded at the rate of N480 against the Euro.
At the Bureau De Change (BDC) window, the Naira traded at N400 to a dollar, while the Pound Sterling and the Euro closed at N550 and N487, respectively.
Meanwhile, at the official interbank or Spot FX segment of the currency market, the Nigerian currency closed at N306.75 to a dollar.
According to currency traders, the boost in liquidity by the Central Bank of Nigeria, CBN had driven the Naira to its gain against the dollar at the FOREX market.
On Wednesday, March 15, the naira stayed firm against the American Dollar, but crashed against the Pound and Euro at the parallel market, trading at N457 per dollar as it was on Tuesday, March 14.