The Nigerian currency, which traded at 376 to the pound on Monday, became stronger on Wednesday, following Brexit growing pains in the UK.
The British currency fell as low as £1/$1.28 on Wednesday following uncertainties in the overall economy of the UK, after its decision to leave the European Union.
According to Bloomberg data, the naira traded as low as 363/£1 over the holiday, as the UK primary legal tender plummeted to a new 30-year low.
The dollar went for 282, while the European currency, Euro, traded for 312, appreciating from its position at 314 two days earlier.
However, as the naira grew appreciably stronger to the pound on Wednesday and Thursday on the international market, Nigerians could not trade as much as they would have wanted.
Nonetheless, analysts expect that by today, the British pound would have found some strength and recovered slightly to a position above $1.30.
Nigerian black market has been trading arbitrarily with no uniform quote through the last 48 hours of the prolonged holiday.
