Today’s Exchange Rate: Naira Strengthens Against Dollar On Parallel Market

Naira has strengthen further against dollar as the exchange rate today is 317/dollar, 358 per Euro and 445 per pound on parallel market.

The Nigerian currency seems to gaining a hold against the greenback since the announcement of $6billion deal with the Chinese government.


President Buhari’s visit to China will see Nigeria as China’s business hub in Africa, as the federal government woos more Chinese investor in order to strengthen the economy.

The exchange rate in the recent weeks have been stabilizing following the woes the economy suffered from the fuel scarcity.

The introduction of Yuan into the exchange rate will make dollar powerless against naira.

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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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