Naira climbs after forex ban storm

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The currency gained in the official and the black market segments Friday.

The naira gained against the U.S. dollar at both the unofficial and official market segments on Friday, data from both market sessions showed.

This represents a N5.00 or 1.00 per cent appreciation from the N520.00 rate it traded in the previous session on Thursday, after witnessing an all-time devaluation record on Wednesday as the Central Bank of Nigeria The naira, which opened at the black market window at N520.00 per $1 dollar, appreciated to N517.00 at noon before settling at N515.00 at the close of business on Friday.

 

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See!?😶 We(Nigerians) are part of our problems. godwinemefiel stand well sha.

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