Newsonline reports that the exchange rate between the naira and the US dollar closed at N416.62/$1 at the official Investors and Exporters (I&E) window.
Naira appreciated by 0.09% to close at N416.62/$1 on Tuesday, 12th April 2022 compared to N417/$1 recorded on Monday. Forex turnover also increased by 13.51% to $144.29 million on Tuesday, representing the highest daily supply in the past four trading sessions.
On the other hand, the exchange rate at the peer-to-peer market appreciated massively to N580/$1, representing a 1.19% appreciation compared to N587/$1 recorded in the previous trading session.
The exchange rate at the parallel market closed flat at N587/$1, the same as recorded in the previous trading session. This is according to information obtained from BDCs operating in Nigeria.
Meanwhile, Nigeria’s foreign reserve improved by 0.11% to stand at $39.7 billion compared to $39.66 billion recorded as of the previous day. Meanwhile, the Central Bank has continued to intervene in the official forex market from the external reserve in order to maintain the stability of the local currency.
The exchange rate at the Investors and Exporters window closed at N416.62/$1 on Tuesday, 12th April 2022, representing a 0.09% appreciation compared to N417/$1 recorded in the previous trading session.
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Black market dollar to naira exchange rate Friday 3rd May 2024 can be accessed below.…