Naira Drops Marginally Against Dollar, See Latest Exchange Rate

Naira dropped marginally against the US dollar on Wednesday at the exchange rate market… Read full article

The naira has exchanged N712/$1 on Thursday morning, 22nd September 2022 at the parallel market aka black market, according to a report by Nairametrics… Continue Reading 

This as the naira had on Wednesday exchanged N712.5/$1 at the close of trading yesterday.

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On the other hand, the local currency depreciated further at the cryptocurrency peer-to-peer FX market, trading at a minimum of N718.6961 on Thursday morning, a 0.29% decline from N716.59/$1 that it traded at the same time on Wednesday.

Also, the naira dropped marginally against the US dollar on Wednesday to close at N436.5/$1, from N436.25/$1 that it closed in the previous trading session at the I&E window where the currency is traded officially.

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Meanwhile, a total of $133.97 million was traded at the window, a decrease of 5.33% when compared to $141.5 million that exchanged hands in the previous session.

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