The availability of the Dollar and other currencies surged by 117 percent in the foreign exchange market as the Naira gained strength on Friday.
Data from FMDQ revealed that the turnover of foreign exchange transactions, which reflects increased liquidity in the FX market, rose to $190.57 million on Friday, up from $87.51 million on Thursday.
This marks a significant increase of $103 million, or 117 percent, compared to the previous day's figures.
The Naira appreciated to N1,541.52 and N1,663 against the Dollar on Friday, concluding the week positively in both the official and parallel foreign exchange markets.
A week-on-week comparison indicates that the Naira improved slightly from the N1,546.41 and N1,665 exchange rates recorded the previous Friday.
Additionally, the Central Bank of Nigeria has announced that it will convene its 297th Monetary Policy Committee meeting next week to deliberate on interest rates and other monetary policy strategies.