May 14, 2026

Naira Trades For 280 to a Dollar at Parallel Market

By Farouk Mohammed

Naira-Dollar-1-1-1-1-1-1-2-1-1-1-1-1-1-1

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, showed healthy signs of recovery on Wednesday to trade for 280 against the United States currency.

Meanwhile, Nigeria’s main opposition party, the Peoples Democratic Party has also shared the news on its Twitter page, stating that ‘the Naira is back to winning ways’.

https://twitter.com/PdpNigeria/status/702476418958168065

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