The naira appreciated significantly against the dollar on Wednesday to trade at N400 to the dollar, the News Agency of Nigeria (NAN) reports.
At the Bureau De Change (BDC) window, the naira was sold at N400 to the dollar, while it closed to the pound sterling and the Euro at N530 and N465, respectively.
Transactions at the interbank market saw the naira close at N307.75 to the dollar.
Traders however expressed mix-feelings over the development in the market on Wednesday.
The CBN had in the last few weeks injected about $1. 7bn into the foreign exchange market as CBN Governor, Mr. Godwin Emefiele, warned speculators to desist from stocking dollars at home because the CBN intervention would crash the price of dollar, which is already happening.


Mynd44 Lalasticlala Seun

Source; http://www.legendvibes.com.ng/2017/03/black-market-operators-lose-as-naira.html?m=1

Buhari in town

In order to complement this gain of the Naira against the dollar the 2017 budget should be given an expedient attention and in a matter of weeks it should be implemented. That's one way the Naira would continue to gain upper hand.

It should go back to 200