Exchange Rate: Naira Gains Massive Strength, Exchanges For N900

Exchange Rate: Naira Gains Massive Strength, Exchanges For N900

The value of dollar to naira fell sharply, on Friday, with the local currency exchanging below N1000 in the parallel market.

This is the first time in over a month that the local currency would gain remarkable strength since it exchanged above.

From N1,150 in the parallel market on Thursday, the dollar exchanged for N950 on Friday evening and below in the morning, gaining over N200.