Thursday, 25 February 2016

Naira appreciates against Dollar to 300

Amidst the pressure to devalue and statement from the boss of Capital oil on the forces behind the depreciation of the naira against the dollar, there seem to be some change.

The naira which was on a free fall against the dollar has seen some stability as it gains grounds on the dollar in the parallel market otherwise known as black market. The figure which began with 390 at the start of the week has dropped to 300 as at yesterday and we hope it goes down to something much lower. God bless Nigeria.

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