Naira gained significantly against the U.S. dollar at the official market Friday as it touched 410 for the first time in almost a month.
Data posted on the FMDQ Security Exchange where forex is officially traded showed the local unit closed at N410.80 per $1 on Friday.
This implies a N0.87 or 0.21 per cent appreciation from the N411.67 rate it traded in the previous session on Thursday.
The currency experienced an intraday high of N400.00 and a low of N412.50 on Friday, the same range it oscillated within the past three consecutive sessions of the market segment.
The market forex turnover plunged by 28.00 per cent as $109.03 million was recorded as against the $150.99 million recorded in the previous session on Thursday.
The local currency has hovered around the N411.00 and above benchmark rates in the past three weeks.
According to abokiFX.com, a website that collates parallel market rates in Lagos the local currency closed at N515.00 per $1, the same rate it has been trading since Wednesday.
This leaves the disparity between the Nafex and black market rates standing at N104.20, translating to a margin of 20.23 per cent as of the close of business on Friday.