Nigeria’s Naira strengthened against major world currencies on Monday, April 15.
Reports say, the local currency exchanged at below N1,000 at some segments of the parallel market as of late Sunday.
Bashir Ahmad, former aide on digital communications to ex-president, Muhammadu Buhari, took to X to celebrate this, and wrote: “I can authoritatively confirm that the US dollar is now being exchanged at a rate below N1000 at some BDCs.
“The measures being taken by the CBN to strengthen our Naira are definitely working. Naira will continue gaining!”
His post:
Recall that Goldman Sachs had projected that the Naira would appreciate more in the coming months.