Good news: Naira Strengthens Slightly Against US Dollar

The Naira has finally strengthened against the US dollar. Nigeria’s naira has finally strengthened against the US dollar after weeks of free fall on the parallel market. Few minutes ago, speculations arose that the Naira may have strengthened further against the dollar as it now goes for between 250-270/dollar.
The BDC sources, however informed that it is impossible to state the exact amount the Naira will sell for on the parallel market, but one thing that is certain is that the Nigerian currency has appreciated tremendously against the Dollar in the last 48hours.

There are further speculations that the amount, up from an initial N364 from Tuesday, is now at N305, while there are also unconfirmed reports that it may slip further before the end of the day.


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