The naira on Tuesday appreciated against the dollar as it exchanged at N745.19 at the Investors and Exporters window.
The naira gained by 2.23 per cent compared with N774.78 which it exchanged for the dollar on Monday.
A spot exchange rate of N845 to the dollar was the highest rate recorded within the day’s trading before it settled at N791.42.
The naira depreciated by 5.75 per cent when compared with N664.04 for which it exchanged for the dollar on Wednesday.
The naira on Wednesday exchanged at N461.60 to the dollar at the Investors and Exporters window.
Mr Abiodun is seeking a second term in office but has faced stiff opposition from residents and political rivals who say his performance over four years has been below par.
The apex bank noted that the exercise was a “Cash Deposit Program not a Cash Swap Program.”
ABCON says the CBN’s naira redesign policy has fuelled the currency’s stability at the parallel market.
The naira on Friday exchanged at 456.50 to the dollar at the Investors and Exporters window.
The naira on Wednesday exchanged at N450.58 to $1 at the Investors and Exporters window.
