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Naira Appreciates Against Dollar...See Latest Exchange Rate

Posted by Thandiubani on Thu 02nd Jun, 2022 - tori.ng

Naira appreciated by 0.12% against the dollar at the official exchange rate market.

The naira has appreciated against the dollar at the Investors and Exporters (I&E) window to close at N419/$1 on Wednesday according to Nairametrics.

Naira appreciated by 0.12% to close at N419/$1 from N419.5$1 recorded in the previous trading session.

This is the second consecutive daily gain for the Nigerian naira against the US dollar at the official market.

This is following a 74.56% increase in forex turnover in the market.

In the same vein, the exchange rate moderated at the parallel market, having closed at N605/$1 compared to N608/$1 recorded in the previous trading session.

This is according to information from BDC operators in Nigeria.

On the other hand, the exchange rate at the peer-to-peer market depreciated on Thursday morning, trading at a minimum of N604/$1 as against N600/$1 recorded as of the same time on Wednesday..