ADVERTISEMENT
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Monday, October 13, 2025
NewsOnline Nigeria
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
No Result
View All Result
NewsOnline Nigeria
No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports
ADVERTISEMENT
Home Economy And Business

BREAKING: Naira Gains Massively At Official Market, See New Exchange Rate

by NewsOnline Nigeria
October 21, 2021
in Economy And Business, Headline
0
naira

Naira

Naira has gained massively at official Market against Dollar – See New Exchange Rate below.

 

Newsonline reports that Naira gained massively At Official Market Against Dollar on Wednesday, 20th October 2021, which saw the exchange rate between the naira and the US dollar closed at N414.07/$1, at the Investors and Exporters window, where forex is traded officially.

Naira appreciated further against the US dollar on Wednesday, to close at N414.07/$1, representing a 0.16% fall compared to N414.73/$1 recorded on Monday, 18th October 2021.

On the other hand, the naira depreciated marginally by 0.17% to N573/$1 on Wednesday, 20th October 2021 compared to N572/$1 recorded as of the close of trade on Tuesday, 19th October 2021. This is according to information obtained by Nairametrics from BDC operators in Lagos.

However, Nigeria’s foreign reserve recorded a further boost of $566.45 million on Monday, 18th October 2021 to close at $40.39 billion compared to $39.82 billion recorded as of the previous week. The reserve position has now surpassed the $40 billion mark, largely driven by the fund raised by the federal government to the Eurobond and the recent positive rally at the global crude oil market.

 

While trading at the official NAFEX window

The exchange rate appreciated against the US dollar on Wednesday, 20th October 2021 to close the day at N414.07 to a dollar, representing a 0.16% gain compared to N414.73/$1 recorded on Monday, 18th October 2021.

This represents consecutive gains for three trading days in the official forex market.

The opening indicative rate closed at N414.18/$1 on Wednesday, representing a 28 kobo appreciation compared to N414.46/$1 recorded in the previous trading day. This also represents a positive movement in three consecutive trading days.

An exchange rate of N442 to a dollar was the highest rate recorded during intra-day trading before it settled at N414.07/$1, while it sold for as low as N405/$1 during intra-day trading. Meanwhile, forex turnover at the official window gained by 94.8% on Wednesday, 20th October 2021.

Naira Gains Massively At Official Market Against Dollar – See New Exchange Rate

ADVERTISEMENT
Previous Post

BREAKING: See Live Photographs From Nnamdi Kanu Trial Scene Today

Next Post

BREAKING: Hoodlums Beat Sowore Mercilessly At Nnamdi Kanu’s Trial

Next Post
Hoodlums Beat Sowore Mercilessly

BREAKING: Hoodlums Beat Sowore Mercilessly At Nnamdi Kanu’s Trial

Trending Stories

No Content Available

Latest Stories

Labour Party

Labour Party Rules Out Peter Obi Stepping Down, Challenges Atiku to Back Him in 2027

Mahdi Shehu

Mahdi Shehu Accuses Tinubu, Customs Boss of Nepotism in 2025 Recruitment Shortlist

Atiku

Atiku Expresses Worry as Nigerian Youths Lose Hope Over Hardship and Bad Governance

Nnamdi Kanu

Obi Slams Double Standards in Nigeria’s Justice System, Demands Freedom for Nnamdi Kanu

Dangote Refinery

Oil Expert Speaks On Dangote Refinery Importing Substandard Fuel with High-Sulphur

Maryam Sanda

President Tinubu Grants Clemency to Maryam Sanda Convicted of Killing Husband in 2017

Minister Umahi

Minister Umahi Challenges Governor Makinde to Engineering Debate Over Coastal Highway Remarks

Igbo Women

Igbo Women Declare Support for Sowore’s October 20 Protest, Demand Nnamdi Kanu’s Release

CBN

BREAKING: CBN Orders Banks to Refund Failed ATM Transactions Within 48 Hours

Nigeria’s Public Debt

Nigeria’s Public Debt Hits ₦152.4 Trillion as Tinubu’s Borrowing Rises Despite Revenue Gains

ADVERTISEMENT

NEWSONLINE NIGERIA

Get the Latest Naija News, Breaking News, Top Stories, World News, Business, Politics & Entertainment from NewsOnline Nigeria.

RELEVANT PAGES

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

ALERT US

Important Press Releases, Special Investigations: [email protected]

OFFICE ADDRESS

13 Poland Street, London, United Kingdom (UK)

Copyright © 2025 NewsOnline Nigeria

No Result
View All Result
  • Headlines
  • Top Stories
  • Politics
  • Crime Watch
  • Entertainment
  • Sports

Copyright © 2023 Newsonline Nigeria