Breaking: Naira Gains Strength as 1 US Dollar Sales for N1400 in Blackmarket.
Nigeria’s currency is recovering from its losses against the United States dollar at the parallel and official markets after the Central Bank of Nigeria (CBN) intervention to improve supply of the greenback in the economy.
Naira gained 8.57 per cent in less than 24 hours to N1,400 Monday after tipping at N1,520 per dollar on Tuesday at the parallel market, commonly called black market, data collated from different street traders revealed.
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