Gist, Life Style

BREAKING: Naira Fails To Sustain Growth Against Dollar, Records Major Crash, See New Exchange Rate

The Nigerian Naira on Wednesday, March 1, failed to sustain growth against the American Dollar at the parallel market. This follows report that the local currency maintained the N455 per dollar rate it closed yesterday, February 28. Recall that the Naira had gained 40 points to trade at N460 per dollar rate from N500 on Friday, February 24, a rate it has maintained.

It further appreciated to N455 per dollar on Tuesday, February 28, a figure it has maintained as of this afternoon. The Naira also stayed unchanged against the Pound Sterling and Euro as it trades at N560 and N460 respectively.
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