The naira today firmed against the dollar at the parallel market.
The naira gained N1 this afternoon as it traded for N225 against the dollar.
It had previously traded for N226 against the dollar.
The naira also appreciated in value at the official interbank rate as it gained N0.02 to trade at N196.98 as against its previous value of N197.
Traders at the parallel market expressed the belief that the naira might experience further appreciation as the price of oil at the international market went up recently.