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Naira Trades For 280 to a Dollar at Parallel Market

Farouk Mohammed
By Farouk Mohammed
Published: February 24, 2016
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Naira-Dollar-1-1-1-1-1-1-2-1-1-1-1-1-1-1

The Nigerian currency is finally gaining momentum after over a month of sharp decline against the American greenback.

The naira, which was trading at 310 to a dollar on Tuesday, showed healthy signs of recovery on Wednesday to trade for 280 against the United States currency.

Meanwhile, Nigeria’s main opposition party, the Peoples Democratic Party has also shared the news on its Twitter page, stating that ‘the Naira is back to winning ways’.

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The Naira is back to winning ways. $1 now N280. This is very good news.

— #VoteAndStay (@voteandstay) February 24, 2016

The economy does not know PDP or APC. We are all affected that is why we must support our country at all times.

— #VoteAndStay (@voteandstay) February 24, 2016

No sincere political party can ever wish for its nation to fail. We are excited about the recovery of the Naira. God bless Nigeria.

— #VoteAndStay (@voteandstay) February 24, 2016

https://twitter.com/PdpNigeria/status/702476418958168065

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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