Business
Naira continues To Strengthen Against Dollar Across Official, Black Markets
Nigeria’s currency, the naira, continued to gain against the dollar across official and parallel foreign exchange markets on Tuesday.
The Central Bank of Nigeria’s exchange rate data showed that the naira rose further to N1,579.27 against the dollar on Tuesday from N1,581.58, which was traded on Monday.
This means that the naira strengthened by N2.31 on Tuesday from N1,581.58 exchanged on Monday.
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Similarly, it was appreciated significantly, from N15 to N1,600 per dollar on Tuesday from 1615, exchanged on the previous day at the black market.
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