Naira Gains 30%, Sells 250 Per Dollar

On Wednesday, the naira gained about 30 per cent against the dollar at the parallel market to trade between N250 and N280 from N364 at which it sold on Tuesday ending two weeks of free fall when it peaked at N403 against the greenback at the parallel market last week Thursday.


The naira rate closed at N197.50 on Wednesday at the official interbank market, where the CBN limits introduced late last year to defend a currency peg have restricted access to dollars.

We pray the naira continued to appreciate.