The Nigerian currency takes a slide against dollar as the exchange rate today is 319/dollar, 358 per Euro and 445 per pound on parallel market.
Naira seems to have suffered a slight fall against Dollar and Euro. However, the exchange rate against the Great Britain Pound seems unchanged to that of Wednesday.
The Nigerian currency seems to gaining a hold against the greenback since the announcement of $6billion deal with the Chinese government.
Following Nigeria currency swap with China’s Yuan, the demand of Dollar will eventually reduce as importers will now receive goods from China, with Nigeria becoming the busines hub of China in Africa.