The Nigerian currency Naira, has continued to gain massively over the dollar as the currency now trades below 1,000 at the parallel market.
Naira has continued to strengthen against the dollar in the past few days with the currency gaining massively at both parallel and official market.
This is the first time in over a month that the local currency would gain remarkable strength since it exchanged above N1000.
Sources at the Murtala Muhammed International Airport (MMIA), Lagos confirmed to newsmen that the dollar exchanged for N750-N800 on Saturday morning before appreciating to N950 in the evening.
This happened in the midst of intervention from the Central Bank of Nigeria (CBN), which was said to have started clearing backlog of matured dollar obligations amounting to over $7bn.