Naira has reportedly strengthened to 950 per dollar after taking a heartbreaking downward spiral for the past few months.
This recent development interprets into a N170 gain or a 15.18 per cent appreciation of the local currency compared to the N1,120 it traded for on Thursday.
This is also the second day of recovery for the naira following a move by the Central Bank of Nigeria to clear some of its FX backlog on Thursday.
According to Bureaux De Change operators, the naira is still gaining as the market continues to react positively to the CBN’s move.
