Naira Strengthened to dollar at parallel market(See New Rate 18/10/16)

The Naira on Tuesday, October 18, recorded more gain against the dollar as it now trades at N453/$1 in the black market. This is higher than the N455/$1 it was on Monday, October 17.I think this a good news though might not have a significance on the entire economy yet but at least our currency is ganning more and I think the time it start missing Value it didn’t happen in just one day let’s hope for more positive news about our currency.According...

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Naira Recovers Again!! On Parallel Market 12/10/2016 – See New Rate

The naira has continued to recover tremendously following the introduction of Travelex by the apex bank in Nigeria – CBN.The Nigerian Naira appreciated on the parallel market on Tuesday, following the introduction of Travelex to the Bureau De Change segment last week.The local currency rose N2 to N468 against the dollar from N470 it was traded on Monday. While, on the interbank market the Naira closed at N304.75 to the greenback.Last week, Travelex...

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