Tag: N280

Naira on road to recovery, rises to 280 against dollar

The Nigerian currency is finally gaining momentum after over a month of sharp decline against the American greenback. The naira, which was trading at 310 to a dollar on Tuesday,…

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Bittersweet year-end: Naira plunges to record low, Excess Crude Account rises to $2.257bn

After selling for N269 against the United States dollar on Wednesday, the Nigerian currency- naira -crashed further on Thursday, to N280 at the parallel market. The recent decline of the naira is as…

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