Exchange Rate: Naira Strengthens Slightly Against Dollar

Naira rate against the dollar continues to fluctuate on Friday as the Nigerian currency trades at the of 318 per Dollar, 357 per Euro and 450 for 1 pound.

Naira which has slightly appreciate and subsequently depreciate since the beginning of this week.On Monday, Naira trade against the greenback at the rate of

During the week the exchange rate kept fluctuating,on Friday it settled for 318.

As President Muhammadu Buhari look set to diversify the economy by signing a deal worth $6 billion dollar with China.

The Forex policy under this administration has not been favorable to investors especially in the oil sector, the marketers severally lament on the lack of Forex to trade and import goods. This was the reason behind the recent nationwide fuel crisis that still linger in some states.

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Daniel Enisan is a content writer at With a degree in mass communication, Daniel is a full breed journalist. Daniel is a realist, loves the use of sarcasm, a movie and music junkie. He is also a poet and a good listener.

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