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Update! Naira Appreciates Further Against the Dollar as Day Closes...See Shocking Value

Posted by George on Wed 24th Feb, 2016 - tori.ng

The Nigerian economy has been given its needed boost as the Naira keeps recovering its value against the Dollar by the day.

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, it is quite unbelievable and we hope it will appreciate to N250 before the close of business today.

Reports emerged this morning that the Naira was exchanged with the dollar at N310. The People's Democratic Party, also annnounced 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.