Naira appreciated against the Dollar in the black market on Wednesday.
Gatekeepers News reports that the Naira appreciated to N737 per dollar, a N9 or 1.2 percent gain compared to the N746 it traded three weeks ago.
In the past weeks, Naira had maintained stability against the U.S. dollar at N745/$- N746/$ before its recent appreciation.
Bureaux De Change operators (BDCs) who spoke with TheCable in the Victoria Island area of Lagos, said they purchase the greenback at N730/$, make a gain of N7 and then sell at N737/$.
The street traders attributed the appreciation of the local currency to low demand for dollars by customers.
Similarly, Naira gained 0.08 percent to close at N462.88/$ at the investors and exporters (I&E) forex window on Tuesday, according to data published by FMDQ, he official forex trading portal.
The data also showed that forex worth $80.90 million were transacted among market dealers.
