Nigeria, April 1 -- Naira strengthened against the U.S dollar at the unofficial market on Thursday, data posted on abokiFX.com, a website that collates parallel market rates in Lagos, showed.

However, the domestic currency fell slightly at the official market.

Naira closed at N485.00 at the black market on Thursday, this represents N1.00 or 0.21 per cent appreciation from N486.00, the rate it exchanged hands with the greenback in the previous session on Wednesday.

Slight devaluation

Meanwhile, the local unit fell slightly against the U.S dollar at the I&E window of the foreign exchange market on Thursday, data posted on the FMDQ Securiteis Exchange where forex is officially traded showed.

Naira, Africa's most populous country's curre...