Nigerian naira is on a recovery part as it appreciates against the dollar at the parallel market.
File photo
The naira appreciated by against the dollar on Monday as tit exchanged at N497/dollar on Monday. Last week, the naira was quoted at 498/ dollar at the parallel market on Friday, down from 497 on Thursday.
It traded flat at 497/dollar between Monday and Wednesday. Things have not been the same since the naira began a rapid depreciation last year as the government has failed to tackle the issue.