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Naira/Dollar Exchange Rate At The Black Market On Friday, 18th November 2022

Posted by Thandiubani on Fri 18th Nov, 2022 - tori.ng

FX turnover at the official market inclined by 40.03% to $121 million on Thursday, in contrast to $86.41 million that was traded on Wednesday.

The naira has exchanged N780/$1 on Friday, 18th November 2022 from N790/$1 recorded on Thursday, according to information gathered from black market traders who spoke to Nairametrics.

The naira also grew stronger against the US dollar on Friday at the cryptocurrency peer-to-peer market, closing at N780/$1, representing an appreciation of 1.05% when compared to N788.28/$1 that was recorded in the previous trading session.

At the I&E windown where naira is traded officially, the currency exchanged N445.75/$1 on Thursday, which represents a 0.21% uptick from N446.67/$1 recorded in the previous trading activities.

Meanwhile, FX turnover at the official market inclined by 40.03% to $121 million on Thursday, in contrast to $86.41 million that was traded on Wednesday.