The Naira appreciated significantly against the dollar on Thursday at the official foreign reserves market.
The Naira strengthened by N12.5 against the dollar on a day-to-day basis when compared to 1,359.32 per dollar and compared to N1,371.82 recorded on Thursday.
This comes as the foreign exchange dropped further to $48.89 billion against the dollar.
Recall that on Wednesday, the Naira appreciated against the dollar.