The Naira on Thursday appreciated against the dollar in the parallel market.

The local currency appreciated by N1 in the parallel market segment.
Naira exchange rate dropped to N366 per dollar from N367 on Wednesday.
CBN spokesman, Isaac Okorafor, in a statement, said 100 million dollars was offered through the wholesale segment.
Okorafor said that the CBN was pleased with the state of the market, and assured that the bank would continue to intervene in order to sustain liquidity in the market and guarantee international value of the naira.
He said the apex bank remained determined to achieve its objective of rates convergence, “hence the unrelenting injection of intervention funds into the foreign exchange market’’.