The naira increased its recent gain on the parallel market yesterday, closing at 380 per United States dollar.

The local unit closed at 381/dollar on Friday, having closed at 380/dollar consecutively between last Tuesday and Thursday.

The Central Bank has continued to supply dollars into the foreign exchange market.

A breakdown of the offer indicated that both spot and forwards garnered the sum of $267.3m while the wholesale segment got $100m.

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