The Naira on Thursday hovered around N500 to $1 in the parallel or black market.
However, it sold in most of the markets visited at about N490 to $1.
There are concerns it will head into the N500/$1 rate between Friday and the weekend.
However, the Naira appreciated significantly to N305/$1 at the official interbank market on Thursday.
The Naira had been falling steadily in the last two weeks.