Naira Strengthens Further on Black Market as Dollar Declines

The naira strengthened against the dollar on the parallel foreign exchange market on Wednesday.

Bello, a Bureau de Change operator at Garki, Abuja, confirmed to EKO HOT BLOG that the naira traded at N1,660 per dollar, improving from N1,675 on Tuesday, marking a gain of N15.

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However, on the official market, the naira slightly depreciated, closing at N1,544.20 per dollar, a decrease from Tuesday’s N1,544.05, losing N0.15.

EKO HOT BLOG reports that the naira had strengthened against the dollar on both markets the day before.

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