Naira gains ground as Dollar weakens to N990 per Dollar

The value of the United States Dollar (USD) has experienced a significant decline against the Nigerian Naira (NGN), with the exchange rate now standing at 990 Naira per Dollar for buying purposes. Simultaneously, for selling, the exchange rate is at 1,005 Naira per Dollar.

This development highlights the continued depreciation of the USD against the Naira, impacting foreign exchange markets and trade dynamics. Market observers are closely monitoring the situation for potential economic implications.

The exact causes of this decline and its potential consequences for the Nigerian economy will be subject to further analysis and discussion among financial experts and policymakers.