At the parallel market, the Nigerian naira is currently exchanging N1506/$.
![](https://www.gio-tv.com/wp-content/uploads/2022/12/IMG-20221208-WA0019-300x197.jpg)
This is after it had previously sold at N1,410/$.
However, at the official market, the Naira exchanged at N1,349 from the N891.90/$ it traded the previous day. The window also saw an intra-high of N1,410.
This was recorded amid the release of $500 million by the Central Bank of Nigeria (CBN) to various sectors to address the backlog of verified foreign exchange (forex) transactions.