Naira Appreciates Against US Dollar As CBN Retains Interest Rates

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The Nigerian currency, the Naira, has continued its upward trend against the dollar in the parallel foreign exchange market.


On Thursday, the Naira improved to ₦1,500 per dollar in the black market, a rise from the ₦1,505 rate observed on Wednesday.


A Bureau de Change operator in Wuse Zone 4, Abubakar Alhasan, who spoke with Daily Post, noted that “the minimum selling rate for dollars on Thursday was ₦1,500, compared to ₦1,505 the day before.”

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