Also, at the parallel market, the naira, strengthened to N1,250 to a dollar, gaining 0.8 percent (N10) over N1,260 closed on Tuesday at the parallel market, popularly called the black market.

Compared to the level on February 20, 2024, naira has gained 46 percent of its value against the dollar from the lowest of N1,825/$ on the parallel market.