Good News, Naira Strengthens Against Dollar For Second Consecutive Day
This is to inform the concerns citizen of Nigeria especially business men and women that The Nigerian currency gathered steam against the dollar on the parallel market for the second day running as the naira remains at N318.
On Tuesday, there was mild relief for forex dealers as the naira improved in the black
market, rising up from Monday’s N320.
And on Wednesday, March 30, the amount steadied against the American currency,
standing at an impressive N318/dollar albeit with some doubts in some sections of the
market.
In a chat with NAIJ.com’s correspondent on Wednesday morning, it was revealed that the amount, as speculated by some operators, has continued to remain strong, raising hopes on the possibility of having a reduction in the prices of goods in the country.
“Yesterday I told you that the amount has improved, today, it has steadied at the same
rate, although some are still selling at N320.
“Here on the Mainland, you cannot buy it for anything lesser than N318 which is the rate. that has been in circulation for the past two
days. And like I told you early this week, there is a possibility of having a continuous rise of
the naira against the dollar.
“Although the reasons cannot be state categorically, the signs are clear that we are
going to witness a continuous fall of the dollar against the naira,” the impeccable BDC
source noted.
Wow....Good, noted!
ReplyDeleteMake e fall reach the normal price before, all this #2 want e dey reduce no make sense.
ReplyDeleteWhen will the price fall back to #160 against $1? The raise in price has so much inflated the prices if goods in the country. Please Bihari take note!! Lol....
ReplyDeleteHmmm! I thought our leaders are doing something about it to bring it down
ReplyDelete