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.
Closing at 375 to a dollar on Monday, the naira has experienced a continuous nosedive in the past few weeks, peaking at 391 against the greenback at the parallel market last week Thursday.
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’.
The Naira is back to winning ways. $1 now N280. This is very good news.
— PDP Nigeria
The economy does not know PDP or APC. We are all affected that is why we must support our country at all times.
— PDP Nigeria
No sincere political party can ever wish for its nation to fail. We are excited about the recovery of the Naira. God bless Nigeria.
— PDP Nigeria
If our nation fail, we all suffer. We must all ensure our nation work.
— PDP Nigeria