The Nigerian economy has been given its needed boost as the Naira keeps recovering its value against the Dollar by the day Yesterday.
The naira continued its appreciation against the dollar in the parallel market Wednesday, as the parallel market exchange rate dropped further to N305 per dollar, and was hoovering between N240 and N250 at the close of business today, it is quite unbelievable.
Reports emerged this morning that the Naira was exchanged with the dollar at N310. The People's Democratic Party, also announced a conflicting report via social media that the value of the Naira had hit N280.
Thus the naira has appreciated by N70 against the dollar in three days in the parallel market. The parallel market exchange rate, which rose to N400 per dollar last Thursday, dropped and closed the week at N375.
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