Naira Gains Massively, Exchanges For N950 to a Dollar in Parallel Market.


November 4, 2023.

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Azonuchechi Chukwu.

The Naira continued its rebound against the dollar on Friday, Nov. 3, strengthening to N950/$ on the average in the parallel market.

At noon on Friday, on the crypto exchange platform, Binance, the local currency was traded against the dollar at N864.19/$1 compared with Thursday’s closing rate of N1,024/$1, indicating that it has gained N159.81.

Earlier today, it was exchanged at N974/$1.

A look at the black market showed that the domestic currency also appreciated against the US Dollar this afternoon to sell at N950/$1 compared with the previous day’s value of N1,140/$1, indicating an improvement by N150.(

Azonuchechi Chukwu
Azonuchechi Chukwu
Ms Azonuchechi Chukwu has a BSC holder in mass communication Ebonyi State University

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