The value of the naira has appreciated again against the United States dollar in the official foreign exchange market. According to data from FMDQ securities, the naira exchange rate against the dollar closed at N1,541.52/$. The latest exchange rate is N2.70 or 0.16% depreciation compared with Wednesday’s closing rate of N1,544.02/$1.... CLICK TO READ THE FULL NEWS HERE▶▶
The good performance of the naira for the second straight trading day happened as forex supply increased on Friday by 117.8% or $103.06 million, to $190.57 million from the $87.51 million recorded a day earlier.
Naira rate against the pound, euro
It was, however, a calmer scenario for the naira against the British pound and the euro in the official market. Data from the CBN showed that the naira traded flat against the pound sterling and the euro in the official market yesterday at N2,108.64/£1 and N1,772.61/€1, respectively.
CBN exchange rates
CFA: N2.8019
Yuan/Renminbi: N225.49
Danish Krona: N237.59
Euro: N1,772.61
Yen: N11.13
Riyal: N424.79
South African Rand: N90.99
Swiss Franc: N1,876.92
Naira to dollar at black market. The naira also saw positive movement in the black market on Friday, appreciating by N5 against the dollar to trade at N1,660/$1, compared to the previous day’s rate of N1,665/$1.… CLICK TO READ THE FULL NEWS HERE▶▶
