Naira Hits Record Low Against The US Dollar To Trade At N780/$1 On 26th May 2023

The Nigerian Naira skilled a continued weakening towards the US Greenback at black market, reaching a brand new low on the finish of the week. On Friday, Might 26, 2023, the common alternate fee plummeted to N780/$1, showcasing a big 1.96% depreciation in comparison with the day prior to this’s buying and selling session the place the greenback was valued at N765/$1.

This decline marks the very best drop within the worth of the greenback because the starting of the yr and since November 21, 2022, when it final reached the N780/$1 mark.

That is in response to info obtained from BDC merchants, as reported by Nairametrics.

In a large flip of occasion, the Naira witnessed a notable surge in worth towards the Euro because the week drew to an in depth. On Might 26, 2023, it skilled a big appreciation of 0.61%, settling at a mean fee of N815/€1, as in comparison with N820/€1 recorded on Might 25, 2023.

Nevertheless, the Naira depreciated towards the British Pound by 0.52% to commerce at a mean fee of N960/£1 on Friday, Might 26, 2023, compared to the previous day’s buying and selling session, the place the kilos stood at N955/£1

These fluctuations within the Nigerian forex replicate the ever-changing dynamics of the worldwide overseas alternate market, influenced by a mess of things comparable to financial indicators, geopolitical occasions, and market sentiment.

As market contributors proceed to intently monitor these developments, it stays to be seen how the Naira will fare within the coming weeks.

Additionally it is essential to notice that black-market alternate charges can range considerably throughout completely different areas within the nation. These variations are influenced by elements comparable to survey timing, demand and provide dynamics, buying energy, and different related financial elements.

The breakdown of black-market charges is as follows;

Naira/Greenback (NGN/USD)

Purchase fee – N770/$1
Promote fee – N780/$1

Naira/Pound (NGN/GBP)

Purchase fee – N945/£1
Promote fee – N960/£1

Naira/Euro (NGN/EUR)

Purchase fee – N800/€1
Promote fee – N815/€1

Nevertheless, on the cryptocurrency P2P Alternate market, the FX fee skilled an appreciation, buying and selling at a minimal of N772.50/$1. This represents a 0.33% lower from the day prior to this’s buying and selling session when it was recorded at N775.05/$1. These figures are in response to information obtained from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N771.00/$1
Promote fee – N772.50/$1

P2P3

Naira weakens towards the US Greenback to N765/$1 on twenty fifth Might 2023

Within the ever-volatile black market, the Nigerian Naira continues to weaken additional towards the US Greenback, plunging to a mean alternate fee of N765/$1 on Thursday, Might 25, 2023. This represents a 0.26% depreciation in comparison with the day prior to this’s buying and selling session, the place the greenback stood at N763/$1.

Dependable info from BDC merchants, as reported by Nairametrics, confirmed this downward development.

The Naira additionally witnessed a notable decline in worth towards the Euro. On Might twenty fifth, 2023, it skilled a big depreciation of 0.24%, settling at a mean fee of N820/€1, versus N818/€1 recorded on Might 24, 2023.

Nevertheless, there’s a silver lining because the Naira exhibited a outstanding appreciation towards the British Pound. It surged by 0.73%, permitting it to commerce at a mean fee of N955/£1 on Thursday, Might twenty fifth, 2023, compared to the previous day’s buying and selling session, the place the kilos stood at N962/£1

As market contributors proceed to intently monitor these developments, it stays to be seen how the Naira will fare within the coming days.

The breakdown of black-market charges is as follows;

Naira/Greenback (NGN/USD)

Purchase fee – N760/$1
Promote fee – N765/$1

Naira/Pound (NGN/GBP)

Purchase fee – N940/£1
Promote fee – N955/£1

Naira/Euro (NGN/EUR)

Purchase fee – N800/€1
Promote fee – N820/€1

NAFT

Nevertheless, on the cryptocurrency P2P Alternate market, the FX fee skilled a notable depreciation, buying and selling at a minimal of N775.05/$1. This represents a 0.85% lower from the day prior to this’s buying and selling session when it was recorded at N768.50/$1. These figures are in response to information obtained from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N774.50/$1
Promote fee – N775.05/$1

NAFT1

Naira Plunges to 760/$1 towards US Greenback at Black Market

The Nigerian Naira witnessed a downturn towards the US Greenback within the black market, plummeting to a mean alternate fee of N762/$1 on Tuesday, Might twenty third, 2023. This represents a 0.26% depreciation from the day prior to this’s buying and selling session, the place the greenback was valued at N760/$1.

Stories from Nairametrics point out that BDC merchants offered this info.

Whereas the Naira skilled a decline towards the US Greenback, it exhibited resilience towards the Euro. The Naira appreciated by 0.61%, settling at a mean fee of N810/€1 on Might twenty third, 2023, in comparison with the N815/€1 recorded on Monday, Might twenty second, 2023.

Conversely, the Naira confronted a big depreciation towards the British Pound, dropping by 1.58%. On Tuesday, Might twenty third, 2023, it traded at a mean fee of N962/£1, contrasting with the N947/£1 fee recorded on Might twenty second, 2023.

Because the Naira navigates this dynamic terrain of the week, one factor is for certain, its destiny is intricately intertwined with international financial elements, rising traits, and the ebb and circulate of market sentiment. It stands as a logo of a nation’s financial prowess and displays the aspirations and endeavors of a various vary of stakeholders, from entrepreneurs and merchants to policymakers and residents.

The breakdown of black-market charges is as follows;

Naira/Greenback (NGN/USD)

Purchase fee – N758/$1
Promote fee – N762/$1

Naira/Pound (NGN/GBP)

Purchase fee – N940/£1
Promote fee – N962/£1

Naira/Euro (NGN/EUR)

Purchase fee – N795/€1
Promote fee – N810/€1

Nevertheless, on the cryptocurrency P2P Alternate market, the FX fee skilled an appreciation, buying and selling at a minimal of N764.00/$1. This represents a 0.12% improve from the day prior to this’s buying and selling session when it was recorded at N764.92/$1. These figures are in response to information obtained from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N763.80/$1
Promote fee – N764.00/$1

Naira Plunges to 760/$1 towards US Greenback at Black Market

The Nigerian Naira skilled a big decline towards the US Greenback within the black market, settling at a mean alternate fee of N760/$1 on Monday, Might twenty second, 2023. This marks a 0.66% lower in comparison with the day prior to this’s buying and selling session when the greenback traded at N755/$1.

The knowledge was obtained from BDC merchants, as reported by Nairametrics.

Beginning the week at N747/$1, the Naira adopted a weakening development, reaching N745/$1 on Thursday. The rise in demand for {dollars} from importers contributed to this depreciation, following a interval of stability earlier within the week at N738/$1.

On the draw back, the Naira depreciated towards the Euro by 0.62% to commerce at a mean fee of N815/€1 on Might twenty second, 2023, in comparison with the N810/€1 recorded on Friday, Might nineteenth, 2023.

Moreover, the Naira remained steady towards the British Pound, buying and selling at a mean of N947/£1 on Monday, Might twenty second, 2023, in comparison with N946/£1 on Might nineteenth, 2023.

It’s necessary to notice that black-market alternate charges can range throughout completely different areas within the nation, influenced by elements comparable to survey timing, demand and provide dynamics, buying energy, and different related elements.

The breakdown of black-market charges is as follows;

Naira/Greenback (NGN/USD)

Purchase fee – N756/$1
Promote fee – N760/$1

Naira/Pound (NGN/GBP)

Purchase fee – N933/£1
Promote fee – N947/£1

Naira/Euro (NGN/EUR)

Purchase fee – N803/€1
Promote fee – N815/€1

Nevertheless, on the cryptocurrency P2P Alternate market, the FX fee skilled a depreciation, buying and selling at a minimal of N764.92/$1. This represents a 0.11% lower from the day prior to this’s buying and selling session when it was recorded at N764.10/$1. These figures are in response to information obtained from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N764.76/$1
Promote fee – N764.92/$1

Naira weakens to 755/$1 towards US Greenback at black market as Euros sees appreciation

The Nigerian Naira skilled a big decline towards the US Greenback within the black market, settling at a mean alternate fee of N755/$1 on Friday, Might nineteenth, 2023. This marks a 0.80% lower in comparison with the day prior to this’s buying and selling session when the greenback traded at N749/$1.

The knowledge was obtained from BDC merchants, as reported by Nairametrics.

On the constructive aspect, the Naira appreciated towards the Euro by 0.61% to commerce at a mean fee of N810/€1 on Might nineteenth, 2023, in comparison with the N815/€1 recorded on Thursday, Might 18th, 2023.

Moreover, the Naira skilled a depreciation of 0.11% towards the British Pound, buying and selling at a mean of N947/£1 on Might nineteenth, 2023, in comparison with N946/£1 on Might 18th, 2023.

The breakdown of black-market charges is as follows;

NaiNaira weakens to 755/$1 towards US Greenback at black market as Euros sees appreciationra/Greenback (NGN/USD)

Purchase fee – N750/$1
Promote fee – N755/$1

Naira/Pound (NGN/GBP)

Purchase fee – N932/£1
Promote fee – N947/£1

Naira/Euro (NGN/EUR)

Purchase fee – N800/€1
Promote fee – N810/€1

Nevertheless, on the cryptocurrency P2P Alternate market, the FX fee skilled a slight appreciation, buying and selling at a minimal of N764.10/$1. This represents a 0.04% improve from the day prior to this’s buying and selling session when it was recorded at N764.40/$1. These figures are in response to information obtained from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N763.93/$1
Promote fee – N764.10/$1

Naira weakens to 749/$1 towards US Greenback at black market as british kilos witnesses shocking appreciation

The Nigerian Naira skilled a decline towards the US Greenback within the black market, settling at a mean alternate fee of N749/$1 on Might 18th, 2023. This marks a 0.13% lower in comparison with the day prior to this’s buying and selling session when the greenback traded at N748/$1.

The knowledge was obtained from BDC merchants, as reported by Nairametrics.

On the constructive aspect, the Naira remained regular towards the Euro, sustaining a mean fee of N815/€1 on Might 18th, 2023, the identical as on Might seventeenth, 2023.

Moreover, the Naira skilled a 0.42% appreciation towards the British Pound, buying and selling at a mean of N946/£1 on Might 18th, 2023, in comparison with N950/£1 on Might seventeenth, 2023.

The breakdown of black-market charges is as follows;

Naira/Greenback (NGN/USD)

Purchase fee – N746/$1
Promote fee – N749/$1

Naira/Pound (NGN/GBP)

Purchase fee – N930/£1
Promote fee – N946/£1

Naira/Euro (NGN/EUR)

- Purchase fee – N803/€1
- Promote fee – N815/€1

Nevertheless, on the cryptocurrency P2P Alternate market, the FX fee skilled a notable depreciation, buying and selling at a minimal of N764.40/$1. This represents a 1.28% lower from the day prior to this’s buying and selling session when it was recorded at N754.75/$1. These figures are in response to information obtained from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N763.57/$1
Promote fee – N764.40/$1

Naira weakens to 748/$1 towards US Greenback at black market on seventeenth Might 2023

The Nigerian Naira confronted a depreciation towards the US Greenback within the black market, with the alternate fee averaging N748/$1 on Wednesday, Might seventeenth, 2023. This marks a decline of 0.13% in comparison with the day prior to this’s buying and selling session, the place the greenback traded at N747/$1.

The is in response to info obtained by Nairametrics from BDC merchants.

Beginning the week at N747 per greenback, the Naira skilled a weakening development, reaching N745/$1 on Thursday on account of elevated demand for {dollars} from importers. This adopted a interval of stability at N738/$1 earlier within the week.

The Naira and the Euro remained regular at a mean of N815/£1 on Wednesday, seventeenth Might 2023, the identical fee recorded on Might sixteenth, 2023.

Nevertheless, the Naira noticed a big decline of 0.53% towards the British Pound, buying and selling at a mean of N950/£1 on Might seventeenth, 2023, in comparison with N945/£1 on Might sixteenth, 2023.

It’s price noting that the black-market alternate fee can range throughout completely different areas within the nation, influenced by elements comparable to survey timing, demand and provide dynamics, buying energy, and different related elements. Breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N745/$1
Promote fee – N748/$1

Naira/Pound (NGN/GBP)

Purchase fee – N935/£1
Promote fee – N950/£1

Naira/Euro (NGN/EUR)

Purchase fee – N800/€1
Promote fee – N815/€1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market depreciated to commerce at a minimal of N754.75/$1, representing a 0.28% lower from N752.68/$1 that was recorded in the day prior to this buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N755.00/$1
Promote fee – N754.75/$1

Naira holds regular towards greenback at 747/$1 as kilos plunges considerably by 1.61%

The alternate fee at black market between the naira and the US Greenback remained steady to commerce at a mean of N747/$1 on Tuesday, sixteenth Might 2023. This fee remained unchanged from the earlier buying and selling session, the place it additionally stood at N747/$1.

That is in response to info obtained by Nairametrics from BDC merchants.

The overseas alternate (FX) market opened on Monday with naira buying and selling at N747 per greenback on the black market.

Naira, which had steadied at N738/greenback initially of final week, depreciated to N745/$ on Thursday, following elevated demand for {dollars} by importers.

Whereas the naira-dollar alternate fee stays steady, the alternate fee between the naira and the euro witnessed a decline, having held regular at N810/€1 for the final three buying and selling days. The alternate fee between the naira and the euro skilled a decline of over 0.62% to commerce at N815/€1 on Tuesday, Might 16, 2023.

In distinction, the alternate fee between the naira and the British pound skilled a notable decline of 1.61%, to commerce at a mean of N945/£1 on Might sixteenth, 2023, in comparison with N930/£1 recorded on Might fifteenth, 2023. This decline marks the biggest drop between the naira and the pound within the final 54-day’s buying and selling cycle.

In the meantime, it is very important be aware that the black-market alternate fee varies throughout completely different areas within the nation the place Nairametrics surveyed, relying on elements such because the time of the survey, demand and provide dynamics, buying energy and different related elements. Breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N743/$1
Promote fee – N747/$1

Naira/Pound (NGN/GBP)

Purchase fee – N925/£1
Promote fee – N945/£1

Naira/Euro (NGN/EUR)

Purchase fee – N798/€1
Promote fee – N815/€1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market appreciated to commerce at a minimal of N752.68/$1, representing a 0.30% improve from N754.68/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)
Purchase fee – N752.29/$1
Promote fee – N752.68/$1

Alternate fee at black market depreciates to N747/$1 on fifteenth Might 2023

The alternate fee between the naira and the US Greenback skilled a slight decline of 0.13% to commerce at a mean of N747/$1 on the black market on Monday, fifteenth Might 2023, from N746/$1 that was recorded within the earlier buying and selling session.

That is in response to info obtained by Nairametrics from BDC merchants.

Current information launched on Might 10, 2023, indicated that shopper inflation in the US had eased barely in April, resulting in a pause within the Federal Reserve’s aggressive financial tightening cycle. This improvement contributed to the greenback’s rebound, because it edged larger after recovering in a single day losses.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

The alternate fee between the naira and the euro has remained steady over the previous three buying and selling days, holding regular at N810/€1 on Monday, Might 15, 2023.

In a constructive flip of occasions, the alternate fee between the Naira and the British kilos skilled a notable appreciation of 0.32% to commerce at a mean of N930/£1 on Might fifteenth, 2023, in comparison with N933/£1 recorded on Might twelfth, 2023.

Naira/Greenback (NGN/USD)

Purchase fee – N744/$1
Promote fee – N747/$1

Naira/Pound (NGN/GBP)

Purchase fee – N919£1
Promote fee – N930/£1

Naira/Euro (NGN/EUR)

Purchase fee – N795/€1
Promote fee – N810/€1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market depreciated to commerce at a minimal of N754.95/$1, representing an 0.73% drop from N749.50/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)
Purchase fee – N754.35/$1
Promote fee – N754.95/$1

Naira loses floor towards US Greenback on black market to commerce at N746/$1 on twelfth Might 2023

The alternate fee between the naira and the US Greenback depreciated by 0.13percentto commerce at a mean of N746/$1 on the black market on Friday, twelfth Might 2023, from N745/$1 that was recorded within the earlier buying and selling session.

That is in response to info obtained by Nairametrics from BDC merchants.

Knowledge launched on Wednesday tenth Might 2023 confirmed U.S. shopper inflation eased barely in April, thereby inserting a pause within the Federal reserve resolution to aggressive financial tightening cycle. The CPI losses revealed a rebound within the greenback because it edged larger after recovering in a single day losses.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

The naira’s alternate fee remained regular towards the euro, buying and selling at N810/€1 on Friday,12^th Might 2023, which was the identical as Might eleventh, 2023.

On the brilliant aspect, the alternate fee between the naira and the pound sterling elevated by 0.21% to commerce at a mean of N933/£1 on Might twelfth, 2023, in comparison with N935/£1 recorded on Might eleventh, 2023.

In the meantime, it’s price noting that the black-market fee varies throughout completely different areas within the nation the place Nairametrics surveyed, time of survey, demand and provide, buying energy and many others., Breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N744/$1
Promote fee – N746/$1

Naira/Pound (NGN/GBP)

Purchase fee – N916/£1
Promote fee – N933/£1

Naira/Euro (NGN/EUR)

Purchase fee – N795/€1
Promote fee – N810/€1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market depreciated to commerce at a minimal of N749.50/$1, representing an 0.23% drop from N747.75/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)
Purchase fee – N748.82/$1
Promote fee – N749.50/$1

Alternate fee at black market depreciates to N745/$1 on eleventh Might 2023

The alternate fee between the naira and the US Greenback depreciated by 0.27percentto commerce at a mean of N745/$1 on the black market on Thursday, eleventh Might 2023, from N743/$1 that was recorded within the earlier buying and selling session.

That is in response to info obtained by Nairametrics from BDC merchants.

Notably, a report from the U.S. inflation on Wednesday tenth Might 2023, confirmed that the greenback fell towards different main currencies greater than anticipated, whereas the euro edged larger and thereby could improve the chance of the Federal Reserve to pause its rate of interest hikes.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

On the upside, the naira appreciated towards the Euro to commerce at N810/€1 on Thursday, eleventh Might 2023, an increase of 0.49% from N814/€1 that was recorded on Wednesday, tenth Might 2023.

Whereas the alternate fee between the naira and Kilos remained unchanged to commerce at a mean of N935/£1 on Thursday, eleventh Might 2023, as was recorded in the day prior to this’s buying and selling session.

Naira/Greenback (NGN/USD)

Purchase fee – N740/$1
Promote fee – N745/$1

Naira/Pound (NGN/GBP)

Purchase fee – N912/£1
Promote fee – N935/£1

Naira/Euro (NGN/EUR)

Purchase fee – N795/€1
Promote fee – N810/€1

Exchange rate 1 1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market depreciated to commerce at a minimal of N747.75/$1, representing an 0.19% drop from N746.35/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)
Purchase fee – N747.30/$1
Promote fee – N747.75/$1

the peer to peer rates

Naira weakens towards US greenback at black market to N743/$1 on tenth Might 2023

The alternate fee between the naira and the US Greenback depreciated to commerce at a mean of N743/$1 on the black market on Wednesday, tenth Might 2023. This represents a depreciation of 0.41% in comparison with N740/$1 that was recorded on Tuesday.

That is in response to info obtained by Nairametrics from BDC merchants.

It’s reported that the greenback started the week underneath strain as merchants await US loans information from the US inflation information on account of be launched at present Wednesday tenth Might 2023.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

Equally, the naira depreciated towards the Euro to commerce at N814/€1 on Wednesday, tenth Might 2023, a fall of 0.49% from N810/€1 that was recorded on Tuesday, ninth Might 2023.

Nonetheless on the draw back, the alternate fee between the naira and Pound recorded a decline of 0.32% to commerce at a mean of N935/£1 on Wednesday, tenth Might 2023, in comparison with N932/£1 that was recorded in the day prior to this’s buying and selling session.

Naira/Greenback (NGN/USD)

Purchase fee – N740/$1
Promote fee – N743/$1

Naira/Pound (NGN/GBP)

Purchase fee – N922/£1
Promote fee – N935/£1

Naira/Euro (NGN/EUR)

Purchase fee – N797/€1
Promote fee – N814/€1

PMP

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market depreciated to commerce at a minimal of N746.35/$1, representing an 0.21% drop from N744.77/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)
Purchase fee – N746.30/$1
Promote fee – N746.35/$1

PMP1

Black market fee depreciates to N740/$1 on ninth Might 2023

The alternate fee between the naira and the US Greenback depreciated to commerce at a mean of N740/$1 on the black market on Tuesday, ninth Might 2023, a 0.27% fall from N740/$1 that was recorded on Monday.

That is in response to info obtained by Nairametrics from BDC merchants.

It’s reported that the greenback started the week underneath strain as merchants await US loans information from the US inflation information on account of be launched on Wednesday tenth Might 2023.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

Additionally, naira depreciated towards the Euro to commerce at N810/€1 on Tuesday, ninth Might 2023, representing a drop of 0.25% in distinction to N808/€1 it recorded on Monday, eighth Might 2023.

On the flip aspect, the alternate fee between the naira and Pound recorded an appreciation of 0.11% to commerce at a mean of N932/£1 on Tuesday, ninth Might 2023, in comparison with N933/£1 that was recorded in the day prior to this’s buying and selling session.

Naira/Greenback (NGN/USD)

Purchase fee – N737/$1
Promote fee – N740$1

Naira/Pound (NGN/GBP)

Purchase fee – N920/£1
Promote fee – N932/£1

Naira/Euro (NGN/EUR)

Purchase fee – N795/€1
Promote fee – N810/€1

BLACK MARKET

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market recorded a marginal appreciation of 0.03% to commerce at a minimal of N744.77/$1, from N745/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N744.05/$1
Promote fee – N744.77/$1

BLACK M

Naira positive aspects at black market, trades at N738/$1 on eighth Might 2023

Naira appreciated towards the US Greenback to commerce at a mean of N738/$1 on the black market on Monday, eighth Might 2023. This represents an enchancment of 0.94%, in distinction to the N745/$1 that was recorded final week Friday.

That is in response to info obtained by Nairametrics from BDC merchants.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

Equally, the alternate fee between the naira and Pound strengthened to commerce at a mean of N933/£1 on Monday, eighth Might 2023, representing a 0.21% rise from N935/£1 recorded within the final buying and selling session.

Likewise, naira recorded an appreciation of 0.25% towards the Euro to commerce at N808/€1 on Monday, eighth Might 2023, in comparison with N810/€1 it recorded on Friday, fifth Might 2023.

Breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N734/$1
Promote fee – N738/$1

Naira/Pound (NGN/GBP)

Purchase fee – N912/£1
Promote fee – N933/£1

Naira/Euro (NGN/EUR)

Purchase fee – N792/€1
Promote fee – N808/€1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market depreciated by 0.38% to commerce at a minimal of N745/$1, from N742.98/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N742.98 /$1
Promote fee – N745/$1

Alternate fee at black market trades at N745/$1 on fifth Might 2023

The alternate fee between the naira and the US Greenback recorded a depreciation of 0.40% to commerce at a mean of N745/$1 on the black market on Friday, fifth Might 2023, in comparison with the N742/$1 that was recorded within the earlier buying and selling session.

That is in response to info obtained by Nairametrics from BDC merchants.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

Additionally, the speed of alternate between the naira and Pound depreciated to commerce at a mean of N935/£1 on Friday, 4th Might 2023, a 0.32% fall from N932/£1 recorded within the earlier buying and selling session.

On the flip aspect, naira traded flat towards the Euro at N810/€1 on Friday, fifth Might 2023. This represents the identical fee as recorded on Thursday, 4th Might 2023.

Breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N738/$1
Promote fee – N745/$1

Naira/Pound (NGN/GBP)

Purchase fee – N915/£1
Promote fee – N935/£1

Naira/Euro (NGN/EUR)

Purchase fee – N800/€1
Promote fee – N810/€1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market depreciated to commerce at a minimal of N742.15/$1, a fall of 0.31% from N739.88/$1 it recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N741.50/$1
Promote fee – N742.15/$1

Naira falls towards US greenback at black market on 4th Might 2023, declining to N742/$1

The alternate fee between the naira and the US Greenback depreciated to commerce at a mean of N742/$1 on the black market on Thursday, 4th Might 2023, representing a 0.40% drop from N745/$1 recorded within the earlier buying and selling session.

That is in response to info obtained by Nairametrics from BDC merchants.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

Likewise, naira weakened by 0.32% towards the Pound to commerce at a mean of N932/£1 on Thursday, 4th Might 2023, in comparison with N935/£1 it recorded within the earlier buying and selling session.

Alternatively, the alternate fee between the naira and the Euro traded at N810/€1 on Thursday, 4th Might 2023, a achieve of 0.62% in distinction to N805/€1 that was recorded on Wednesday, third Might 2023.

Breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Naira/Pound (NGN/GBP)

Purchase fee – N915/£1
Promote fee – N932/£1

Naira/Euro (NGN/EUR)

Purchase fee – N797/€1
Promote fee – N810/€1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market depreciated to commerce at a minimal of N739.88/$1, representing a drop of 0.29% from N742/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N739.61/$1
Promote fee – N739.88/$1

Naira appreciated towards the US Greenback to commerce at a mean of N745/$1 on the black market on Wednesday, third Might 2023. This represents an enchancment of 0.54% in distinction to N741/$1 recorded within the earlier buying and selling session.

That is in response to info obtained by Nairametrics from BDC merchants.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

Equally, the alternate fee between the naira and the Pound strengthened to commerce at a mean of N935/£1 on Wednesday, third Might 2023, an 0.21% appreciation from N933/£1 that was recorded within the earlier buying and selling session.

In the meantime, naira traded flat towards the Euro to N805/€1 on Wednesday, third Might 2023. This is identical fee as recorded on Tuesday, 2nd Might 2023.

Breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N740/$1
Promote fee – N745/$1

Naira/Pound (NGN/GBP)

Purchase fee – N915/£1
Promote fee – N935/£1

Naira/Euro (NGN/EUR)

Purchase fee – N791/€1
Promote fee – N805/€1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market appreciated to commerce at a minimal of N742/$1. This represents a 0.54% achieve from N738/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N741.58/$1
Promote fee – N742/$1

Naira weakens towards US greenback at black market, dropping to N741/$1 on 2nd Might 2023

The alternate fee between the naira and US Greenback recorded a depreciation of 0.14% to commerce at a mean of N741/$1 on the black market on Tuesday, 2nd Might 2023, in comparison with N740/$1 recorded within the earlier buying and selling session on Friday twenty eighth April 2023.

That is in response to info obtained by Nairametrics from BDC merchants.

The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

Alternatively, naira improved towards the Pound to commerce at a mean of N933/£1 on Tuesday, 2nd Might 2023, representing an 0.21% appreciation in distinction to N935/£1 that was recorded within the earlier buying and selling session.

Additionally, the alternate fee between the naira and the Euro appreciated by 0.62% to commerce at a mean of N805/€1 on Tuesday, 2nd Might 2023, from N810/€1 recorded on Friday, twenty eighth April 2023.

A breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N737/$1
Promote fee – N741/$1

Naira/Pound (NGN/GBP)

Purchase fee – N912/£1
Promote fee – N933/£1

Naira/Euro (NGN/EUR)

Purchase fee – N791/€1
Promote fee – N805/€1

Nevertheless, the FX fee on the cryptocurrency P2P Alternate market appreciated buying and selling at a minimal of N738/$1, representing a achieve of 0.81% from N743.99/$1 that was recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

A breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N737.45/$1
Promote fee – N738/$1

Alternate fee at black market trades flats at N740/$1 on twenty eighth April 2023

The alternate fee between the naira and US Greenback traded flat at N740/$1 on the black market on Friday, twenty eighth April 2023. This is identical fee as recorded within the earlier buying and selling session.

That is in response to info obtained by Nairametrics from BDC merchants.

The alternate fee between the naira and the US greenback has remained comparatively regular on the black market, particularly following the naira crunch within the Nigerian economic system. The alternate fee began the yr at N736/$1 and recorded its highest fee at N775/$1 on twentieth February 2023 and lowest at N730/$1 on fifth January 2023.

Alternatively, naira depreciated towards the Pound by 1.08% to commerce at a mean of N935/£1 on Friday, twenty eighth April 2023 in distinction to N925/£1 that was recorded in the day prior to this’s buying and selling session.

Additionally, naira fell towards the Euro buying and selling at a mean of N810/€1 on Friday, twenty eighth April 2023, representing a depreciation of 0.62% in comparison with N805/€1 recorded on Thursday, twenty seventh April 2023.

Breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N738/$1
Promote fee – N740/$1

Naira/Pound (NGN/GBP)

Purchase fee – N915/£1
Promote fee – N935/£1

Naira/Euro (NGN/EUR)

Purchase fee – N795/€1
Promote fee – N810/€1

Alternatively, the FX fee on the cryptocurrency P2P Alternate market appreciated marginally by 0.06% to commerce at a minimal of N743.99/$1 from N744.40/$1 it recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

Breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N743.25/$1
Promote fee – N743.99/$1

Black market alternate fee falls to N740/$1 on twenty seventh April 2023

Naira traded towards the US Greenback at a mean of N740/$1 on the black market on Thursday, twenty seventh April 2023, representing a depreciation of 0.68% in comparison with N735/$1 recorded within the earlier buying and selling session.

That is in response to info obtained by Nairametrics from BDC merchants.

Alternatively, the alternate fee between the naira and the Pound appreciated by 0.54% to commerce at a mean of N925/£1 on Thursday, twenty seventh April 2023 in distinction to N930/£1 that was recorded in the day prior to this’s buying and selling session.

Additionally, naira strengthened towards the Euro by 0.62%, buying and selling at a mean of N805/€1 on Thursday, twenty seventh April 2023 in comparison with N810/€1 recorded on Wednesday, twenty sixth April 2023.

A breakdown of the black-market charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N735/$1
Promote fee – N740/$1

Naira/Pound (NGN/GBP)

Purchase fee – N910/£1
Promote fee – N925/£1

Naira/Euro (NGN/EUR)

Purchase fee – N792/€1
Promote fee – N805/€1

Alternatively, the FX fee on the cryptocurrency P2P Alternate market depreciated by 0.12% to commerce at a minimal of N744.40/$1 from N743.50/$1 recorded within the earlier buying and selling session. That is in response to information culled from a P2P alternate platform.

A breakdown of the peer-to-peer charges is given beneath:

Naira/Greenback (NGN/USD)

Purchase fee – N743.50/$1
Promote fee – N744.40/$1

Black market alternate fee appreciates to N745/$1 on twenty eighth March 2023

The alternate fee between the naira and the US greenback improved by 0.13% on the black market on Tuesday, twenty eighth March 2023 buying and selling at a mean of N745/$1, in comparison with N746/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

On the flip aspect, naira recorded a marginal depreciation of 0.03% towards the US greenback on the cryptocurrency P2P alternate market to commerce at a mean of N746.67/$1 on Tuesday morning, twenty eighth March 2023, from N746.45/$1 recorded on Monday.

Additionally, the speed of alternate between the naira and the US greenback on the official and Exporters window depreciated marginally by 0.04% to shut at N461.5/$1 on Monday, twenty seventh March 2022, as towards N461.33/$1 that was recorded on Friday.

Foreign exchange provide, nonetheless, decreased by 57.84% to $101.77 million on the official alternate on Monday, from the $241.38 million that exchanged arms on Friday. The nation’s exterior reserves stood at $35.74 billion as of Friday, twenty fourth March 2023 from $35.78 billion recorded on Thursday, twenty third March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Monday, twenty seventh March 2023, a marginal depreciation of 0.04% from N461.33/$1 recorded on Friday, twenty fourth March 2023.

The opening indicative fee closed at N461.75/$1 on Monday, twenty seventh March 2023.
Moreover, an alternate fee of N462.42/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/$1, whereas it traded as little as N460/$1 throughout intra-day buying and selling.
A sum of $101.77 million in FX worth was traded on the I&E window on Monday, which is 57.84% decrease than the $241.38 million that exchanged arms within the earlier session.

Naira trades flat at N746/$1 on the black market on twenty seventh March 2023

The alternate fee between the naira and the US greenback stabilized on the black market on Monday, twenty seventh March 2023 to commerce at a mean of N746/$1. This is identical fee that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Alternatively, the alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market depreciated buying and selling at a mean of N746.45/$1 on Monday morning, twenty seventh March 2023, a downturn of 1.61% from N734.6/$1 recorded on Friday.

In the meantime, naira appreciated marginally by 0.07% towards the US greenback on the official and Exporters window to shut at N461.33/$1 on Friday, twenty fourth March 2022, from N461.67/$1 that was recorded on Thursday.

Nevertheless, the sum of $241.38 million was traded on the official alternate on Friday, a big improve of 201.61% from the $80.03 million that exchanged arms on Thursday. The nation’s exterior reserves stood at $35.78 billion as of Thursday, twenty third March 2023 from $35.81 billion recorded on Wednesday, twenty second March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.33/$1 on Friday, twenty fourth March 2023, a marginal appreciation of 0.07% from N461.67/$1 recorded on Thursday, twenty third March 2023.

The opening indicative fee closed at N461.5/$1 on Friday, twenty fourth March 2023.
Moreover, an alternate fee of N462.43/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.33/$1, whereas it traded as little as N460/$1 throughout intra-day buying and selling.

A sum of $241.38 million in FX worth was traded on the I&E window on Friday, which is 201.61% larger than the $80.03 million that exchanged arms within the earlier session.

Black market alternate fee positive aspects to commerce at N746/$1 on twenty fourth March 2023

The alternate fee between the naira and the US greenback strengthened on the black market on Friday, twenty fourth March 2023 to commerce at a mean of N746/$1, representing an uptick of 0.40% from N749/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

The alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market, likewise, appreciated by 1.26% buying and selling at a mean of N734.6/$1 on Friday morning, twenty fourth March 2023, in comparison with N743.99/$1 recorded on Thursday.

Alternatively, the naira recorded a marginal depreciation of 0.04% towards the US greenback on the official and Exporters window to shut at N461.67/$1 on Thursday, twenty third March 2022, from N461.50/$1 that was recorded on Wednesday.

In the meantime, the foreign exchange turnover decreased by 81.46% to $80.03 million on the official alternate on Thursday, from the $431.77 million that exchanged arms on Wednesday. The nation’s exterior reserves stood at $35.84 billion as of Tuesday, twenty first March 2023 from $35.87 billion recorded on Monday, twentieth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.67/$1 on Thursday, twenty third March 2023, a marginal depreciation of 0.04% from N461.5/$1 recorded on Wednesday, twenty second March 2023.

The opening indicative fee closed at N461.25/$1 on Thursday, twenty third March 2023.
Moreover, an alternate fee of N462.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.67/$1, whereas it traded as little as N460/$1 throughout intra-day buying and selling.
A sum of $80.03 million in FX worth was traded on the I&E window on Thursday, which is 81.46% decrease than the $62.67 million that exchanged arms within the earlier session.

Naira improves towards US greenback to N749/$1 on twenty third March 2023

The alternate fee between the naira and the US greenback appreciated on the black market on Thursday, twenty third March 2023 to commerce at a mean of N749/$1. This represents a 0.13% enchancment from N750/$1 which was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market strengthened buying and selling at a mean of N743.99/$1 on Thursday morning, twenty third March 2023, an 0.13% appreciation from N744.95/$1 recorded on Wednesday.

Likewise, the naira appreciated by 0.11percentagainst the US greenback on the official and Exporters window to shut at N461.5/$1 on Wednesday, twenty second March 2022, in comparison with N462/$1 that was recorded on Tuesday.

Notably, the sum of $431.77 million was transacted on the official alternate on Wednesday, it is a important improve of 588.96% from the $62.67 million that exchanged arms on Tuesday. The nation’s exterior reserves stood at $35.84 billion as of Tuesday, twenty first March 2023 from $35.87 billion recorded on Monday, twentieth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Wednesday, twenty second March 2023, an appreciation of 0.11% from N462/$1 recorded on Tuesday, twenty first March 2023.

The opening indicative fee closed at N461.56/$1 on Wednesday, twenty second March 2023.
Moreover, an alternate fee of N544.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/$1, whereas it traded as little as N460/$1 throughout intra-day buying and selling.
A sum of $ 431.77 million in FX worth was traded on the I&E window on Wednesday, which is 5888.96% larger than the $ 62.67 million that exchanged arms within the earlier session.

Black market alternate fee depreciates to N750/$1 on twenty second March 2023

The alternate fee between the naira and the US greenback weakened the black market on Wednesday, twenty second March 2023 to commerce at a mean of N750/$1, representing a fall of 0.27% from N748/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FXoperators who spoke to Nairametrics.

Equally, the speed of alternate between the naira and the US greenback on the cryptocurrency P2P alternate market depreciated marginally by 0.06% to commerce at a mean of N744.95/$1 on Wednesday morning, twenty second March 2023, from N744.5/$1 recorded on Tuesday.

Additionally, the naira depreciated towards the US greenback on the official and Exporters window to shut at N462/$1 on Tuesday, twenty first March 2022, a 0.11% downturn from N461.5/$1 that was recorded on Monday.

Nevertheless, foreign exchange turnover decreased by 50.13% to $62.67 million on the official alternate on Tuesday, from the $125.66 million that was exchanged arms on Monday. The nation’s exterior reserves stood at $ 35.87 billion as of Monday, twentieth March 2023 from $ 35.98 billion recorded on Friday, seventeenth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N462/$1 on Tuesday, twenty first March 2023, a depreciation of 0.11% from N461.5/$1 recorded on Monday, twentieth March 2023.

The opening indicative fee closed atN461.55/$1on Tuesday, twenty first March 2023.
Moreover, an alternate fee of N551/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N462/$1, whereas it traded as little as N460/$1 throughout intra-day buying and selling.
A sum of $ 62.67 million in FX worth was traded on the I&E window on Tuesday, which is50.13percentlower than the $ 125.66 million that exchanged arms within the earlier session.

Naira improves to N748/$1 at black market on twenty first March 2023

The alternate fee between the naira and the US greenback appreciated on the black market on Tuesday, twenty first March 2023 to commerce at a mean of N748/$1. This represents an upturn of 0.40% from N751/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the native forex recorded a marginal appreciation of 0.07% towards the US greenback on the official and Exporters window to shut at N461.5/$1 on Monday, twentieth March 2022, in comparison with N461.83/$1 that was recorded on Wednesday.

Alternatively, the alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market depreciated to commerce at a mean of N744.5/$1 on Tuesday morning, twenty first March 2023, a fall of 0.16% from N743.29/$1 recorded on Monday.

Foreign exchange provide, nonetheless, elevated by 43.10% to $125.66 million on the official alternate on Monday, from the $87.81 million that was traded on Friday. The nation’s exterior reserves stood at $35.98 billion as of Friday, seventeenth March 2023 from $36.02 billion recorded on Thursday, sixteenth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Monday, twentieth March 2023, a marginal appreciation of 0.07% from N461.83/$1 recorded on Friday, seventeenth March 2023.

The opening indicative fee closed at N461.38/$1 on Monday, twentieth March 2023.
Moreover, an alternate fee of N551/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/$1, whereas it traded as little as N460/$1 throughout intra-day buying and selling.
A sum of $125.66 million in FX worth was traded on the I&E window on Friday, which is 43.10% larger than the $87.81 million that exchanged arms within the earlier session.

Black market alternate fee depreciates to N751/$1 on twentieth March 2023

The alternate fee between the naira and the US greenback weakened on the black market on Monday, twentieth March 2023 to commerce at a mean of N751/$1, representing a fall of 0.13% from N750/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

On the flip aspect, the alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market recorded a marginal enchancment of 0.07% buying and selling at a mean of N743.29/$1 on Monday morning, twentieth March 2023 as towards N743.8/$1 it recorded on Friday

Additionally, naira appreciated marginally by 0.04% towards the US greenback on the official and Exporters window to shut at N461.83/$1 on Friday, seventeenth March 2022, from N462/$1 that was recorded on Thursday.

Nevertheless, the sum of $87.81 million was transacted on the official alternate on Friday, a lower of 10.20% from the $97.78 million that exchanged arms on Thursday. The nation’s exterior reserves stood at $36.02 billion as of Thursday, sixteenth March 2023 from $36.08 billion recorded on Wednesday, fifteenth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.83/$1 on Friday, seventeenth March 2023, a marginal appreciation of 0.04% from N462/$1 recorded on Thursday, sixteenth March 2023.

The opening indicative fee closed at N461.3/$1 on Friday, seventeenth March 2023.
Moreover, an alternate fee of N462.24/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.83/$1, whereas it traded as little as N460/$1 throughout intra-day buying and selling.
A sum of $87.81 million in FX worth was traded on the I&E window on Thursday, which is 10.20% decrease than the $97.78 million that exchanged arms within the earlier session.

Naira positive aspects on the black market to commerce at N750/$1 on seventeenth March 2023

The alternate fee between the naira and the US greenback strengthened on the black market on Friday, seventeenth March 2023 to commerce at a mean of N750/$1. This represents a achieve of 0.66% from N755/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the speed of alternate between the naira and the US greenback on the cryptocurrency P2P alternate market appreciated marginally by 0.03% to commerce at a mean of N743.8/$1 on Friday morning, seventeenth March 2023 in comparison with N744/$1 recorded on Thursday

Alternatively, the nation’s forex depreciated towards the US greenback on the official and Exporters window to shut at N462/$1 on Thursday, sixteenth March 2022, a fall of 0.2% from N461.09/$1 that was recorded on Wednesday.

Nevertheless, the foreign exchange turnover decreased by 31.26% to $97.78 million on the official alternate on Thursday, from the $142.25 million that exchanged arms on Wednesday. The nation’s exterior reserves stood at $36.08 billion as of Wednesday, fifteenth March 2023 from $36.14 billion recorded on Tuesday, 14th March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N462/$1 on Thursday, sixteenth March 2023, a depreciation of 0.2% from N461.09/$1 recorded on Wednesday, fifteenth March 2023.

The opening indicative fee closed at N461.5/$1 on Thursday, sixteenth March 2023.
Moreover, an alternate fee of N462.11/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N462/$1, whereas it traded as little as N446/$1 throughout intra-day buying and selling.

A sum of $97.78 million in FX worth was traded on the I&E window on Wednesday, which is 31.26% decrease than the $142.25 million that exchanged arms within the earlier session.

Naira falls towards the US greenback to N755/$1 on the black market on sixteenth March 2023

The alternate fee between the naira and the US greenback depreciated on the black market on Thursday, sixteenth March 2023 to commerce at a mean of N755/$1, representing a downturn of 0.40% from N752/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

In the identical vein, naira fell towards the US greenback on the cryptocurrency P2P alternate market, to commerce at a mean of N744/$1 on Thursday morning, sixteenth March 2023 in comparison with N742.2/$1 recorded on Wednesday

On the flip aspect, the alternate fee between the naira and the US greenback appreciated marginally by 0.07% on the official and Exporters window to shut at N461.09/$1 on Wednesday, fifteenth March 2022 from N461.42/$1 that was recorded on Tuesday.

In the meantime, the foreign exchange provide elevated by 25.40% to $142.25 million on the official alternate on Wednesday, from the $113.44 million that exchanged arms on Tuesday. The nation’s exterior reserves stood at $36.14 billion as of Tuesday, 14th March 2023 from $36.20 billion recorded on Monday, tenth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.09/$1 on Wednesday, fifteenth March 2023, a marginal appreciation of 0.07% from N461.42/$1 recorded on Tuesday, 14th March 2023.

The opening indicative fee closed at N461.3/$1 on Wednesday, fifteenth March 2023.
Moreover, an alternate fee of N462.11/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.09/1, whereas it traded as little as N446/$1 throughout intra-day buying and selling.
A sum of $142.25 million in FX worth was traded on the I&E window on Tuesday, which is 25.40% larger than the $113.44 million that exchanged arms within the earlier session.

Alternate fee strengthens to N752/$1 on the black market on fifteenth March 2023

The alternate fee between the naira and the US greenback appreciated on the black market on Wednesday, fifteenth March 2023 to commerce at a mean of N752/$1, representing an enchancment of 1.05% from N760/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the nation’s forex appreciated marginally by 0.05% towards the US greenback on the official and Exporters window to shut at N461.42/$1 on Tuesday, 14th March 2022 from N461.67/$1 that was recorded on Monday.

The alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market, however, recorded a marginal depreciation buying and selling at a mean of N742.2/$1 on Wednesday morning, fifteenth March 2023 in comparison with N741.93/$1 recorded on Tuesday.

The sum of $113.44 million was transacted on the official alternate on Tuesday, which is a rise of 46.11% from the $77.64 million that exchanged arms on Monday. The nation’s exterior reserves stood at $36.20 billion as of Monday, thirteenth March 2023 from $36.39 billion recorded on Friday, tenth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.42/$1 on Tuesday, 14th March 2023, a marginal appreciation of 0.05% from N461.67/$1 recorded on Monday, thirteenth March 2023.

The opening indicative fee closed at N461.55/$1 on Tuesday, 14th March 2023.
Moreover, an alternate fee of N462.18/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.42/1, whereas it traded as little as N446/$1 throughout intra-day buying and selling.
A sum of $113.44 million in FX worth was traded on the I&E window on Monday, which is 46.11% larger than the $77.64 million that exchanged arms within the earlier session.

Black market alternate fee depreciates to N760/$1 on 14th March 2023

The alternate fee between the naira and the US greenback depreciated on the black market on Tuesday, 14th March 2023 to commerce at a mean of N760/$1. This represents a drop of 0.66% from N755/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

On the flip aspect, the alternate fee between naira and the US greenback on the cryptocurrency P2P alternate market appreciated to commerce at a mean of N741.96/$1 on Tuesday morning, 14th March 2023, a 0.44% enchancment from N745.23/$1 recorded on Monday.

In the meantime, the native forex depreciated marginally by 0.04% towards the US greenback on the official Traders and Exporters window to shut at N461.67/$1 on Monday, thirteenth March 2022 in comparison with N461.5/$1 was recorded on Friday.

The sum of $77.64 million was transacted on the official alternate on Monday, which is 5.96% lesser than the $82.56 million that exchanged arms on Friday. The nation’s exterior reserves stood at $36.39 billion as of Friday, tenth March 2023 from $36.41 billion recorded on Thursday, ninth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.67/$1 on Monday, thirteenth March 2023, a marginal depreciation of 0.04% from N461.5/$1 recorded on Friday, tenth March 2023.

The opening indicative fee closed at N461.5/$1 on Monday, thirteenth March 2023.
Moreover, an alternate fee of N462.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.67/1, whereas it traded as little as N445.96/$1 throughout intra-day buying and selling.

A sum of $77.64 million in FX worth was traded on the I&E window on Friday, which is 5.96% decrease than the $82.56 million that exchanged arms within the earlier session.

Naira falls to N755/$1 at black market on thirteenth March 2023

The naira weakened marginally towards the US greenback on the black market on Monday, thirteenth March 2023 to commerce at a mean of N755/$1, representing an 0.13% depreciation from N754/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Additionally, the alternate fee between the naira and the US greenback depreciated marginally on the official Traders and Exporters window to shut at N461.5/$1 on Friday, tenth March 2023, a 0.11% downturn from N461/$1 that was recorded on Thursday.

Alternatively, the alternate fee between naira and the US greenback on the cryptocurrency P2P alternate market appreciated marginally by 0.08% to commerce at a mean of N745.23/$1 on Monday morning, thirteenth March 2023, from N745.8/$1 recorded on Friday.

In the meantime, the foreign exchange turnover decreased by 0.33% to $82.56 million on the official alternate on Friday, from the $82.83 million that exchanged arms on Thursday. The nation’s exterior reserves stood at $36.41 billion as of Thursday, ninth March 2023 from $36.44 billion recorded on Wednesday, eighth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Friday, tenth March 2023, an 0.11% depreciation from N461/$1 recorded on Thursday, ninth March 2023.

The opening indicative fee closed at N461.5/$1 on Friday, tenth March 2023.
Moreover, an alternate fee of N462.44/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded as little as N446/$1 throughout intra-day buying and selling.

A sum of $82.56 million in FX worth was traded on the I&E window on Friday, which is 0.33% decrease than the $82.56 million that exchanged arms within the earlier session.

Black market alternate fee depreciates to N754/$1 on tenth March 2023

The alternate fee between the naira and the US greenback depreciated on the black market on Friday, tenth March 2023 to commerce at a mean of N754/$1. This represents a downturn of 0.53% from N750/$1 recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the naira fell towards the US greenback on the cryptocurrency P2P alternate market to commerce at a mean of N745.8/$1 on Friday morning, tenth March 2023, an 0.25% depreciation from N743.93/$1 recorded on Thursday.

On the flip aspect, the alternate fee between the naira and the US greenback appreciated marginally by 0.05% on the official Traders and Exporters window to shut at N461/$1 on Thursday, ninth March 2023, in comparison with N461.25/$1 that was recorded on Wednesday.

Nevertheless, a sum of $82.83 million was transacted on the official alternate on Thursday, recording a lower of 28.34% from the $115.58 million that exchanged arms on Wednesday. The nation’s exterior reserves stood at $36.44 billion as of Wednesday, eighth March 2023 from $36.47 billion recorded on Tuesday, seventh March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461/$1 on Thursday, ninth March 2023, an 0.05% appreciation from N461.25/$1 recorded on Wednesday, eighth March 2023.

The opening indicative fee closed at N461.25/$1 on Thursday, ninth March 2023.
Moreover, an alternate fee of N462.11/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461/1, whereas it traded as little as N446/$1 throughout intra-day buying and selling.

A sum of $82.83 million in FX worth was traded on the I&E window on Thursday, which is 28.34% decrease than the $115.58 million that exchanged arms within the earlier session.

Naira trades flat to N750/$1 at black market on ninth March 2023

The alternate fee between the naira and the US greenback traded flat on the black market on Thursday, ninth March 2023 to commerce at a mean of N750/$1, identical fee it recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

In the meantime, the naira weakened towards the US greenback on the cryptocurrency P2P alternate market to commerce at a mean of N743.93/$1 on Thursday morning, ninth March 2023, a depreciation of 0.67% from N738.99/$1 recorded on Wednesday.

The alternate fee between the naira and the US greenback on the opposite hand, appreciated marginally by 0.05% on the official Traders and Exporters window to shut at N461.25/$1 on Wednesday, eighth March 2023, in comparison with N461.5/$1 that was recorded on Tuesday.

Nevertheless, a sum of $115.58 million was transacted on the official alternate on Wednesday, recording a lower of 29.96% from the $165.01 million that exchanged arms on Tuesday. The nation’s exterior reserves stood at $36.47 billion as of Tuesday, seventh March 2023 from $36.52 billion recorded on Monday, sixth March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.25/$1 on Wednesday, eighth March 2023, an 0.05% appreciation from N461.5/$1 recorded on Tuesday, seventh March 2023.

The opening indicative fee closed at N461.3/$1 on Wednesday, eighth March 2023.
Moreover, an alternate fee of N462.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.25/1, whereas it traded as little as N446/$1 throughout intra-day buying and selling.

A sum of $115.58 million in FX worth was traded on the I&E window on Wednesday, which is 29.96% decrease than the $165.01 million that exchanged arms within the earlier session.

Black market alternate fee depreciates to N750/$1 on eighth March 2023

The alternate fee between the naira and the US greenback depreciated on the black market on Wednesday, eighth March 2023 to commerce at a mean of N750/$1, representing a marginal drop of 0.27% from N748/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market weakened to commerce at a mean of N738.99/$1 on Wednesday morning, eighth March 2023, an 0.40% depreciation from N736.06/$1 recorded on Tuesday.

Additionally, the naira appreciated marginally by 0.04% towards the US greenback on the official Traders and Exporters window to shut at N461.5/$1 on Tuesday, seventh March 2023, from N461.33/$1 that was recorded on Monday.

Foreign exchange turnover nonetheless elevated by 52.77% to $165.01 million on the official alternate on Tuesday, in comparison with the $108.01 million that exchanged arms on Monday. The nation’s exterior reserves stood at $36.52 billion as of Monday, sixth March 2023 from $36.61 billion recorded on Friday, third March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Tuesday, seventh March 2023, an 0.04% depreciation from N461.33/$1 it recorded on Monday, sixth March 2023.

The opening indicative fee closed at N461.33/$1 on Tuesday, seventh March 2023.
Moreover, an alternate fee of N462.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.

A sum of $165.01 million in FX worth was traded on the I&E window on Tuesday, which is 52.77% larger than the $108.01 million that exchanged arms within the earlier session.

Naira improves marginally at black market to N748/$1 on seventh March 2023

The alternate fee between the naira and the US greenback appreciated marginally by 0.27% on the black market on Tuesday, seventh March 2023 to commerce at a mean of N748/$1, from N750/$1 that was recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the naira appreciated marginally towards the US greenback on the official Traders and Exporters window by 0.09% to shut at N461.33/$1 on Monday, sixth March 2023, in comparison with N461.75/$1 that it closed at Friday.

Additionally, the alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market improved to commerce at a mean of N736.06/$1 on Tuesday morning, seventh March 2023. This represents an appreciation of 0.37% from N738.78/$1 recorded on Monday.

Foreign exchange turnover nonetheless elevated by 59.85% to $108.01 million on the official alternate on Monday, in comparison with the $67.57 million that exchanged arms on Friday. The nation’s exterior reserves stood at $36.67 billion as of Monday, sixth March 2023 from $36.61 billion recorded on Friday, third March 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.33/$1 on Monday, sixth March 2023, an 0.09% appreciation from N461.75/$1 it recorded on Friday, 3th March 2023.

The opening indicative fee closed at N461.5/$1 on Monday, sixth March 2023.
Moreover, an alternate fee of N462.32/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.33/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.

A sum of $108.01 million in FX worth was traded on the I&E window on Monday, which is 59.85% larger than the $67.57 million that exchanged arms within the earlier session.

Alternate fee at black market strengthens to N760/$1 on sixth March 2023

The naira appreciated towards the US greenback on the black market on Monday, sixth March 2023 to commerce at a mean of N760/$1, representing an uptrend of 1.05% from N768/$1 it recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

On the flip aspect, the alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market weakened by 0.18% to commerce at a mean of N741/$1 on Friday morning, third March 2023, as towards N739.7/$1 recorded on Thursday.

Equally, the speed of alternate between the naira and the US greenback depreciated marginally towards the US greenback on the official Traders and Exporters window to shut at N461.4/$1 on Thursday, 2nd March 2023, from N461.35/$1 recorded on Wednesday.

Nevertheless, foreign exchange turnover decreased by 2.19% to $96.44 million on the official alternate on Thursday, from the $98.6 million that was transacted on Wednesday. The nation’s exterior reserves stood at $36.66 billion as of Wednesday, 1st March 2023 from $36.67 billion recorded on Tuesday, twenty eighth February 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.4/$1 on Thursday, 2nd March 2023, an 0.01% depreciation from N461.35/$1 it recorded on Wednesday, 1st March 2023.

The opening indicative fee closed at N461.5/$1 on Thursday, 2nd March 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.4/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.

A sum of $96.44 million in FX worth was traded on the I&E window on Thursday, which is 2.19% decrease than the $98.6 million that exchanged arms within the earlier session.

Black market alternate fee depreciates to N768/$1 on 2nd March 2023

The alternate fee between the naira and the US greenback on the black market weakened by 1.05% on Thursday, 2nd March 2023 to commerce at a mean of N768/$1, a downturn from N760/$1 it recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Alternatively, the alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market recorded an enchancment of 0.84% to commerce at a mean of N739.7/$1 on Thursday morning, 2nd March 2023, when in comparison with N745.98/$1 recorded on Wednesday.

Additionally, the naira appreciated towards the US greenback on the official Traders and Exporters window to shut at N461.35/$1 on Wednesday, 1st March 2023, representing a marginal improve of 0.14% from N462/$1 recorded on Tuesday.

Nevertheless, foreign exchange turnover elevated by 105.03% to $98.60 million on the official alternate on Wednesday, from the $48.09 million that exchanged arms on Tuesday.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.35/$1 on Wednesday, 1st March 2023, an 0.14% appreciation from N462/$1 it recorded on Tuesday, twenty eighth February 2023.

The opening indicative fee closed at N461.17/$1 on Wednesday, 1st March 2023.
Moreover, an alternate fee of N462.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.35/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $98.60 million in FX worth was traded on the I&E window on Wednesday, which is 105.03% larger than the $48.09 million that exchanged arms within the earlier session.

Naira stays steady at N760/$1 on black market amid Bola Tinubu’s emergence as President-elect

The alternate fee between the naira and the US greenback on the black market remained flat on Wednesday, 1st March 2023 to commerce at a mean of N760/$1, the identical fee as recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Additionally, the alternate fee between the naira and the US greenback on the official Traders and Exporters window closed at N462/$1 on Tuesday, twenty eighth February 2023. This is identical fee it recorded on Monday.

In the meantime, the nation’s forex appreciated towards the US greenback on the cryptocurrency P2P alternate market to commerce at a mean of N745.98/$1 on Wednesday morning, 1st March 2023, representing an enchancment of 0.60% in comparison with N750.5/$1 recorded on Tuesday.

Nevertheless, a sum of $48.09 million was transacted on the official alternate on Tuesday, which is decrease by 11.55%, from the $54.37 million that exchanged arms on Monday. The nation’s exterior reserves stood at $36.679 billion as of Monday, twenty seventh February 2023 from $36.698 billion recorded on Friday, twenty fourth February 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N462/$1 on Tuesday, twenty eighth February 2023, the identical fee it recorded on Monday, twenty seventh February 2023.

The opening indicative fee closed at N461.33/$1 on Tuesday, twenty eighth February 2023.
Moreover, an alternate fee of N462.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N462/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.

A sum of $48.09 million in FX worth was traded on the I&E window on Tuesday, which is 11.55% decrease than the $54.37 million that exchanged arms within the earlier session.

Black market alternate fee falls to N760/$1 on twenty eighth February 2023

The alternate fee between the naira and the US greenback on the black market depreciated on Tuesday, twenty eighth February 2023 by 0.26% to commerce at a mean of N760/$1, from N758/$1 recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

In the identical vein, the naira depreciated marginally towards the US greenback on the cryptocurrency P2P alternate market to commerce at a mean of N750.5/$1 on Tuesday morning, twenty eighth February 2023, an 0.08% downturn from N749.88/$1 recorded on Monday.

Likewise, the alternate fee between the naira and the US greenback on the official Traders and Exporters window fell by 0.18% to shut at N462/$1 on Monday, twenty seventh February 2023 in comparison with N461.17/$1 recorded on Friday.

Foreign exchange turnover, nonetheless, decreased by 64.53% to $54.37 million on the official alternate on Monday, from the $153.3 million that was transacted final week Friday. The nation’s exterior reserves stood at $36.698 billion as of Friday, twenty fourth February 2023 from $36.707 billion recorded on Thursday, twenty third February 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N462/$1 on Monday, twenty seventh February 2023, a 0.18% depreciation from N461.17/$1 recorded on Friday, twenty fourth February 2023.

The opening indicative fee closed at N461.35/$1 on Monday, twenty seventh February 2023.
Moreover, an alternate fee of N462.05/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N462/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $54.37 million in FX worth was traded on the I&E window on Monday which is 64.53% decrease than the $153.3 million that exchanged arms within the earlier session.

Black market alternate appreciates to N758/$1 on twenty seventh February 2023

The alternate fee between the naira and the US greenback strengthened on Monday, twenty seventh February 2023 on the black market to commerce at a mean of N758/$1, representing an appreciation of 0.26% from N760/$1 recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the alternate fee on the cryptocurrency P2P alternate market between the naira and the US greenback appreciated to commerce at a mean of N749.88/$1 on Monday morning, twenty seventh February 2023, representing a 0.19% enchancment in comparison with N751.3/$1 recorded on Friday.

Additionally, the naira appreciated marginally towards the US greenback on the official Traders and Exporters window by 0.03% to shut at N461.17/$1 on Friday, twenty fourth February 2023 from N461.33/$1 recorded on Thursday.

A sum of $153.3 million was transacted on the official alternate on Friday, from the $110.27 million that exchanged arms on Thursday, a rise of 39.02%. The nation’s exterior reserves stood at $36.71 billion as of Thursday, twenty third February 2023 from $36.72 billion recorded on Tuesday, twenty first February 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.17/$1 on Friday, twenty fourth February 2023, a 0.03% appreciation from N461.33/$1 recorded on Thursday, twenty third February 2023.

The opening indicative fee closed at N461.25/$1 on Friday, twenty fourth February 2023.
Moreover, an alternate fee of N462.03/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.17/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.

A sum of $153.3 million in FX worth was traded on the I&E window on Friday which is 39.02% larger than the $110.27 million that exchanged arms within the earlier session.

Naira improves on the black market to N760/$1 on twenty fourth February 2023

The alternate fee between the naira and the US greenback appreciated on Friday, twenty fourth February 2023 on the black market to commerce at a mean of N760/$1. This represents a 0.65% enchancment in comparison with N765/$1 recorded within the earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics.

Additionally, the alternate fee on the official Traders and Exporters window appreciated marginally by 0.06% to shut at N461.33/$1 on Thursday, twenty third February 2023 from N461.6/$1 recorded on Wednesday.

Equally, naira appreciated towards the US greenback on the cryptocurrency P2P alternate market, buying and selling at a mean of N751.3/$1 on Friday morning, twenty fourth February 2023, representing a 0.37% uptick in comparison with N754.1/$1 recorded on Thursday.

Foreign exchange turnover elevated by 34.56% to $110.27 million on the official alternate on Thursday, from the $81.95 million that exchanged arms on Wednesday. The nation’s exterior reserves, stood at $36.72 billion as of Tuesday, twenty first February 2023 from $36.73 billion recorded the day prior to this.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.33/$1 on Thursday, twenty third February 2023, a 0.06% appreciation from N461.33/$1 recorded on Wednesday, twenty second February 2023.

The opening indicative fee closed at N461.3/$1 on Thursday, twenty third February 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.33/1, whereas it traded for as little as N461.33/$1 throughout intra-day buying and selling.

A sum of $110.27 million in FX worth was traded on the I&E window on Thursday which is 34.56% larger than the $81.95 million that exchanged arms within the earlier session.

Black market alternate fee depreciates additional to N765/$1 on twenty third February 2023

Naira depreciated towards the US greenback on Thursday, twenty third February 2023 on the black market to commerce at a mean of N765/$1, representing a 0.39% depreciation from N762/$1 recorded within the earlier buying and selling session.

The alternate fee has remained unstable on account of decline in buying and selling actions amidst money crunch and downtime in banking purposes. That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the alternate fee between the naira and the US greenback fell additional by 0.13% on the cryptocurrency P2P alternate market, buying and selling at a mean of N754.1/$1 on Thursday morning, twenty third February 2023, in comparison with N753.13/$1 recorded on Wednesday.

Additionally, the alternate fee on the official Traders and Exporters window depreciated marginally by 0.06% to shut at N461.6/$1 on Wednesday, twenty second February 2023 towards N461.33/$1 recorded on Tuesday.

In the meantime, a sum of $81.95 million was transacted on the official alternate, representing a rise of 69.74% on Wednesday, from the $48.28 million that exchanged arms on Tuesday. The nation’s exterior reserves, fell for the seventh consecutive day to $36.72 billion on Tuesday from $36.73 billion, bringing the cumulative decline for the month of February to $272.12 million.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.6/$1 on Wednesday, twenty second February 2023, a 0.06% depreciation from N461.33/$1 recorded on Tuesday, twenty first February 2023.

The opening indicative fee closed at N461.35/$1 on Wednesday, twenty second February 2023.
Moreover, an alternate fee of N462.01/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.6/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $81.95 million in FX worth was traded on the I&E window on Wednesday which is 69.74% larger than the $48.28 million that exchanged arms within the earlier session.

Naira falls to N762/$1 on the black market on twenty second February 2023

The alternate fee between the naira and the US greenback depreciated marginally by 0.26% on Wednesday, twenty second February 2023 to commerce at a mean of N762/$1, from N760/$1 recorded within the earlier buying and selling session.

The alternate fee is extremely unstable as merchants have lowered buying and selling actions on account of banking app downtime and lack of money. That is in response to info from black market FX operators who spoke to Nairametrics.

Additionally, the alternate fee between the naira and the US greenback depreciated marginally on the cryptocurrency P2P alternate market buying and selling at a mean of N753.13/$1 on Wednesday morning, twenty second February 2023, towards N753.1/$1 recorded on Tuesday.

Alternatively, naira appreciated marginally towards the US greenback on the traders and exporters (I&E) window to shut at N461.33/$1 on Tuesday, twenty first February 2023 in comparison with N461.5/$1 recorded on Monday.

A sum of $48.28 million was transacted on the official alternate, recording a rise of 19.86% on Tuesday, towards the $40.28 million that exchanged arms on Monday. The nation’s exterior reserves likewise, declined additional for the sixth consecutive day to $36.73 billion on Monday from $36.76 billion.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.33/$1 on Tuesday, twenty first February 2023, a 0.04% appreciation from N461.5/$1 recorded on Monday, twentieth February 2023.

The opening indicative fee closed at N461.55/$1 on Tuesday, twenty first February 2023.
Moreover, an alternate fee of N462.41/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.33/1, whereas it traded for as little as N406.75/$1 throughout intra-day buying and selling.
A sum of $48.28 million in FX worth was traded on the I&E window on Tuesday which is nineteen.86% larger than the $40.28 million that exchanged arms within the earlier session.

Naira appreciates to N760/$1 on the black market on twenty first February 2023

The alternate fee between the naira and the US greenback strengthened on Tuesday, twentieth February 2023 to commerce at a mean of N760/$1, representing a 1.94% appreciation in comparison with N775/$1 recorded within the earlier buying and selling session.

On the flip aspect, naira depreciated marginally towards the US greenback on the traders and exporters (I&E) window to shut at N461.5/$1 on Monday, twentieth February 2023 in comparison with N461.25/$1 recorded on Friday.

Additionally, the alternate fee between the naira and the US greenback weakened by 0.03% on the cryptocurrency P2P alternate market buying and selling at a mean of N753.1/$1 on Tuesday morning, twenty first February 2023, towards N752.9/$1 recorded on Monday.

Foreign exchange turnover nonetheless decreased by 50.75% on the official alternate to $40.28 million on Monday, towards the $81.78 million that exchanged arms final week Friday. The nation’s exterior reserves likewise, declined additional for the fifth consecutive day to $36.76 billion on Friday from $36.78 billion.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Monday, twentieth February 2023, a 0.05% depreciation from N461.25/$1 recorded on Friday, seventeenth February 2023.

The opening indicative fee closed at N461.6/$1 on Friday, twentieth February 2023.
Moreover, an alternate fee of N462.06/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.
A sum of $40.28 million in FX worth was traded on the I&E window on Monday which is 50.75% decrease than the $81.78 million that exchanged arms within the earlier session.

Naira falls sharply to N775/$1 on the black market on twentieth February 2023

Naira depreciated sharply towards the US greenback on Monday, twentieth February 2023 to commerce at a mean of N775/$1, representing a 2.51% depreciation in comparison with N756/$1 recorded within the earlier week.

That is in response to info from black market FX operators who spoke to Nairametrics.

Alternatively, the alternate fee between the naira and the US greenback on the cryptocurrency P2P alternate market appreciated by 0.49% buying and selling at a mean of N752.9/$1 on Monday morning, twentieth February 2023, from N756.6/$1 recorded final week Friday.

Equally, the alternate fee between the naira and the US greenback strengthened by 0.16% on the traders and exporters (I&E) window to shut at N461.25/$1 on Friday, seventeenth February 2023 in comparison with N462/$1 recorded on Thursday.

A complete of $81.78 million in FX worth was transacted on the official alternate on Friday, representing a 17.30% improve towards the $69.72 million that exchanged arms in the day prior to this. The nation’s exterior reserves likewise, declined additional for the fourth consecutive day to $36.78 billion on Thursday from $36.79 billion.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.25/$1 on Friday, seventeenth February 2023, a 0.16% appreciation from N462/$1 recorded on Thursday, sixteenth February 2023.

The opening indicative fee closed at N461.5/$1 on Friday, seventeenth February 2023.
Moreover, an alternate fee of N462.09/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.25/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $81.78 million in FX worth was traded on the I&E window on Friday which is 17.30% larger than the $69.72 million that exchanged arms within the earlier session.

Naira depreciates barely at black market to N756/$1 on seventeenth February 2023

The alternate fee between the naira and the US greenback depreciated barely on Friday, seventeenth February 2023 on the black market, buying and selling at a mean of N756/$1, a 0.13% depreciation from N755/$1 recorded earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics. Particularly, the merchants famous that the purchase FX from clients at a mean of N747/$1 and promote for N756/$1. These charges nonetheless range based mostly on the type of transaction, money or switch.

In the identical vein, the naira depreciated towards the US greenback on the cryptocurrency P2P alternate market buying and selling at a mean of N756.6/$1 on Friday morning, seventeenth February 2023, from N755.9/$1 recorded within the earlier buying and selling session.

Additionally, the alternate fee between the naira and the US greenback depreciated by 0.11% on the traders and exporters (I&E) window to shut at N462/$1 on Thursday, sixteenth February 2023 in comparison with N461.5/$1 recorded on Wednesday.

A complete of $69.72 million in FX worth was transacted on the official alternate on Thursday, representing a 22.14% lower towards the $89.54 million that exchanged arms in the day prior to this. The nation’s exterior reserves likewise, declined additional to $36.79 billion on Wednesday from $36.81 billion.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N462/$1 on Thursday, sixteenth February 2023, a 0.11% depreciation from N461.5/$1 recorded on Wednesday, fifteenth February 2023.

The opening indicative fee closed at N461.3/$1 on Thursday, sixteenth February 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N462/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $69.72 million in FX worth was traded on the I&E window on Thursday which is 22.14% decrease than the $89.54 million that exchanged arms within the earlier session.

Black market alternate fee trades at N755/$1 on sixteenth February 2023

The alternate fee between the naira and the US greenback remained steady on Thursday, sixteenth February 2023 on the black market, buying and selling at a mean of N755/$1, the identical fee as recorded earlier buying and selling session.

That is in response to info from black market FX operators who spoke to Nairametrics. Particularly, the merchants famous that the purchase FX from clients at a mean of N745/$1 and promote for N755/$1. Nevertheless, in addition they added that in some instances the speed may range relying on the type of transaction, money or switch.

In the meantime, naira appreciated marginally towards the US greenback on the traders and exporters (I&E) window to shut at N461.5/$1 on Wednesday, fifteenth February 2023 from N461.67/$1 recorded on Tuesday.

Alternatively, the alternate fee on the cryptocurrency P2P alternate market depreciated marginally by 0.09% to N755.9/$1 on Thursday morning, sixteenth February 2023, from N755.18/$1 recorded within the earlier buying and selling session.

A complete of $89.54 million in FX worth was traded on the official alternate on Wednesday, representing a 30.05% improve when in comparison with the $68.85 million that exchanged arms in the day prior to this. The nation’s overseas reserves however, declined additional to $36.81 billion on Tuesday from $36.82 billion.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Wednesday, fifteenth February 2023, a 0.04% appreciation from N461.67/$1 recorded on Tuesday, 14th February 2023.

The opening indicative fee closed at N461.25/$1 on Wednesday, fifteenth February 2023.
Moreover, an alternate fee of N462.02/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $89.54 million in FX worth was transacted on the I&E window on Wednesday which is 30.05% larger than the $68.85 million that exchanged arms within the earlier session.

Black market alternate fee moderates to N755/$1 on fifteenth February 2023

Naira appreciated barely towards the US greenback on Wednesday, fifteenth February 2023, buying and selling at a mean of N755/$1 on the black market in comparison with the earlier common of N756/$1.

That is in response to info from black market FX operators who spoke to Nairametrics.

Alternatively, the alternate fee on the cryptocurrency P2P alternate market depreciated additional to N755.18/$1 on Wednesday, fifteenth February 2023, from N752.25/$1 recorded within the earlier buying and selling session.

In the meantime, naira depreciated towards the US greenback on the traders and exporters (I&E) window by 0.15% to shut at N461/$1 on Tuesday, 14th February 2023 from N461/$1 recorded on Monday.

Foreign exchange turnover on the official market decreased by 67.04% to $68.85 million on Tuesday, 14th February 2023, in comparison with the $208.91 million that was transacted within the earlier session.

Nigeria’s exterior reserves stood at $36.817 billion as of Monday, thirteenth February 2023, barely decrease than the $36.82 billion recorded as of final week Friday.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.67/$1 on Tuesday, 14th February 2023, a 0.15% depreciation from N461/$1 recorded on Monday, thirteenth February 2023.

The opening indicative fee closed at N461.25/$1 on Tuesday, 14th February 2023.
Moreover, an alternate fee of N462.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.67/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $68.85 million in FX worth was transacted on the I&E window on Tuesday which is 67.04% decrease than the $208.91 million that exchanged arms within the earlier session.

Naira trades at N756/$1 on the black market on 14th February 2023

Naira remained flat towards the US greenback on the black market on Tuesday, 14th February 2023, buying and selling at a mean of N756/$1, this is identical fee recorded on Monday, thirteenth February 2023.

That is in response to info from black market FX operators who spoke to Nairametrics.

The alternate fee on the cryptocurrency P2P alternate depreciated for the seventh consecutive day on Tuesday, 14th February 2023, buying and selling at a minimal of N752.25/$1. This represents a 0.37% depreciation from N749.48/$1 recorded on Monday.

In the meantime, the native forex appreciated towards the US greenback on the traders and exporters (I&E) window by 0.11% to shut at N461/$1 on Monday, thirteenth February 2023 from N461.5/$1 recorded final week Friday.

Foreign exchange turnover on the official market elevated by 251.70% to $208.91 million on Monday, thirteenth February 2023, in comparison with the $59.40 million that was transacted within the earlier session.

Nigeria’s exterior reserves stood at $36.82 billion as of Thursday, ninth February 2023, barely decrease than the day prior to this, representing the fifth consecutive day of decline.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461/$1 on Monday, thirteenth February 2023, a 0.11% appreciation from N461.5/$1 recorded on Friday, tenth February 2023.

The opening indicative fee closed at N461.35/$1 on Monday, 13th February 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.

A sum of $208.91 million in FX worth was transacted on the I&E window on Monday, which is 251.7% larger than the $59.40 million that exchanged arms within the earlier session.

Naira depreciates on the black market to N756/$1 on thirteenth February 2023

The alternate fee between the naira and the US greenback on the black market weakened on Monday, thirteenth February 2023, buying and selling at a mean of N756/$1, in comparison with N755/$1 recorded over the weekend.

That is in response to info from black market FX operators who spoke to Nairametrics.

Equally, the naira on the cryptocurrency P2P alternate depreciated marginally by 0.09% towards the US greenback on Monday, thirteenth February 2023, buying and selling at a minimal of N749.48/$1, in comparison with N748.8/$1 recorded final week Friday.

Additionally, the alternate fee on the traders and exporters (I&E) window depreciated by 0.09% to shut at N461.5/$1 on Friday, tenth February 2023 from N461.1/$1 recorded on Thursday, ninth February 2023.

Alternatively, foreign exchange turnover on the official market elevated by 47.61% to $59.40 million on Friday, tenth February 2023, in comparison with the $40.24 million that was transacted within the earlier session.

Nigeria’s exterior reserves stood at $36.82 billion as of Thursday, ninth February 2023, barely decrease than the day prior to this, representing the fifth consecutive day of decline.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Friday, tenth February 2023, a 0.09% depreciation from N461.1/$1 recorded on Thursday, ninth February 2023.

The opening indicative fee closed at N461.5/$1 on Friday, tenth February 2023.
Moreover, an alternate fee of N462.05/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $59.40 million in FX worth was transacted on the I&E window on Friday, which is 47.61% larger than the $40.24 million that exchanged arms within the earlier session.

Naira stays steady at N740/$1 on tenth February 2023 amidst money shortage

The alternate fee between the naira and the US greenback on the black market remained flat on Friday, tenth February 2023, buying and selling at a mean of N740/$1, which is identical fee recorded on Thursday, ninth February 2023.

The alternate fee has remained steady following the elevated money demand throughout the nation as black-market merchants have lamented the shortage of money out there. That is in response to info from black market FXoperators who spoke to Nairametrics.

The native forex on the cryptocurrency P2P alternate depreciated however towards the US greenback by 0.18% on Friday, tenth February 2023, buying and selling at a minimal of N748.8/$1, as towards N747.48/$1 recorded within the earlier buying and selling session.

In the meantime, the alternate fee on the traders and exporters (I&E) window appreciated marginally to shut at N461.1/$1 on Thursday, from N461.17/$1 recorded on Wednesday, eighth February 2023.

Nevertheless, Foreign exchange turnover on the official market fell to its lowest since October twenty fourth 2022 to $40.24 million, representing a 27.52% decline in comparison with $55.52 million that exchanged arms on Wednesday.

Nigeria’s exterior reserves fell for the fourth consecutive day, depreciating by 0.09% to face at $36.82 billion as of Wednesday, eighth February 2023 from $36.86 billion recorded in the day prior to this.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.1/$1 on Thursday, ninth February 2023, a 0.02% appreciation from N461.17/$1 recorded on Wednesday, eighth February 2023.

The opening indicative fee closed atN461.25/$1on Thursday, ninth February 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.1/1, whereas it traded for as little as N439.96/$1 throughout intra-day buying and selling.
A sum of $ 40.24 million in FX worth was transacted on the I&E window on Thursday, which is27.52percentlowerthanthe $55.52 million that was traded within the earlier session.

Naira strengthens to N740/$1 on the black market on ninth February 2023

Naira improved towards the US greenback on the black market on Thursday, ninth February 2023, buying and selling at a mean of N740/$1, a 1.33% achieve in comparison with N750/$1 recorded on Wednesday, eighth February 2023.

The appreciation of the native forex is on the elevated demand of naira throughout the nation, following the CBN new naira design coverage. That is in response to info from black market FX merchants who spoke to Nairametrics.

On the flip aspect, the alternate fee on the cryptocurrency P2P alternate depreciated marginally by 0.02% on Thursday, ninth February 2023, buying and selling at a minimal of N747.48/$1, as towards N747.30/$1 recorded within the earlier buying and selling session.

In the meantime, the alternate fee on the traders and exporters (I&E) window appreciated barely to shut at N461.17/$1 on Wednesday, from N462.15/$1 recorded on Tuesday, seventh February 2023.

Nevertheless, Foreign exchange turnover on the official market decreased additional by 25.56% on Wednesday to $55.52 million, from $74.58 million that exchanged arms on Tuesday. Nigeria’s exterior reserves fell for the third consecutive day, shedding 0.11% to face at $36.86 billion as of Tuesday, seventh February 2023 from $36.89 billion recorded in the day prior to this.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.17/$1 on Wednesday, eighth February 2023, a 0.07% appreciation from N462.5/$1 recorded on Tuesday, seventh February 2023.

The opening indicative fee closed at N461.5/$1 on Wednesday, eighth February 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.17/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.

A sum of $55.52 million in FX worth was transacted on the I&E window on Wednesday, which is 25.56% decrease than the $74.58 million that was traded within the earlier session.

Black market alternate fee depreciates to trades at N750/$1 on eighth February 2023

Naira depreciated towards the US greenback on the black market on Wednesday, eighth February 2023, buying and selling at a mean of N750/$1. This represents a depreciation of 0.67% in comparison with N745/$1 recorded on Tuesday, seventh February 2023.

That is in response to info from black market FX merchants who spoke to Nairametrics.

Likewise, the alternate fee on the cryptocurrency P2P alternate depreciated on Wednesday, eighth February 2023, buying and selling at a minimal of N747.30/$1, a 0.09% fall towards N746.6/$1 recorded within the earlier buying and selling session.

On the opposite aspect, the alternate fee on the traders and exporters (I&E) window appreciated by 0.14% to shut at N461.5/$1 on Tuesday, from N462.17/$1 recorded on Monday, sixth February 2023.

Nevertheless, Foreign exchange turnover on the official market lowered by 39.08% on Tuesday to $74.58 million, from $122.43 million that exchanged arms on Monday. Nigeria’s exterior reserves degree decreased by 0.09% on Friday, third February 2023 to face at $36.988 billion from $37.02 billion recorded in the day prior to this.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Tuesday, seventh February 2023, a 0.14% appreciation from N462.17/$1 recorded on Monday, sixth February 2023.

The opening indicative fee closed at N461.5/$1 on Tuesday, seventh February 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N416/$1 throughout intra-day buying and selling.
A sum of $74.58 million in FX worth was transacted on the I&E window on Tuesday, which is 39.08% decrease than the $122.43 million that was traded within the earlier session.

Black market alternate fee trades at N745/$1 on seventh February 2023

The alternate fee between the naira and the US greenback depreciated on the black market on Tuesday, seventh February 2023, buying and selling at a mean of N745/$1, in comparison with N744/$1 recorded on Monday, sixth February 2023.

That is in response to info from black market FX merchants who spoke to Nairametrics.

Equally, the alternate fee on the traders and exporters (I&E) window depreciated by 0.15% to shut at N462.17/$1 on Monday, from N461.5/$1 recorded final week Friday.

Additionally, the alternate fee on the cryptocurrency P2P alternate weakened marginally by 0.11% on Tuesday, seventh February 2023 to commerce at a minimal of N746.6/$1, as towards N745.77/$1 recorded within the earlier buying and selling session.

Nevertheless, Foreign exchange turnover on the official market elevated by 2.51%% on Monday to $122.43 million, from $119.43 million that exchanged arms on Friday. Nigeria’s exterior reserves degree decreased by 0.09% on Friday, third February 2023 to face at $36.988 billion from $37.02 billion recorded in the day prior to this.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N462.17/$1 on Monday, sixth February 2023, a 0.15% depreciation from N461.5/$1 recorded on Friday, third February 2023.

The opening indicative fee closed at N461.39/$1 on Monday, sixth February 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N462.17/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $122.43 million in FX worth was transacted on the I&E window on Monday, which is 2.51% larger than the $119.43 million that was traded within the earlier session.

Naira positive aspects at black market, trades at N744/$1 on sixth February 2023

The alternate fee between the naira and the US greenback improved on the black market on Monday, sixth February 2023, to commerce to a mean of N744/$1, representing a 0.53% appreciation in comparison with N748/$1 recorded on Friday, third February 2023.

That is in response to info from black market FX merchants who spoke to Nairametrics.

Alternatively, the alternate fee on the cryptocurrency P2P alternate depreciated marginally by 0.10% on Monday, sixth February 2023 to a minimal of N745.77/$1, as towards N745/$1 recorded within the earlier buying and selling session.

In the meantime, the alternate fee on the traders and exporters (I&E) window appreciated barely to N461.5/$1, a achieve of 0.11% from N462/$1 recorded on Friday, third February 2023. Foreign exchange turnover nonetheless elevated by 0.07% on Friday to $119.43 million, from $119.35 million that exchanged arms on Thursday.

Nigeria’s exterior reserves degree elevated additional by 0.03% on Thursday, 2nd February 2023 to face at $37.02 billion from $37.01 billion recorded the day prior to this.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Friday, third February 2023, a 0.11% appreciation from N462/$1 recorded on Thursday, 2nd February 2023.

The opening indicative fee closed at N461.4/$1 on Friday, third February 2023.
Moreover, an alternate fee of N462.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N460/$1 throughout intra-day buying and selling.

A sum of $119.43 million in FX worth was transacted on the I&E window on Friday, which is 0.07% larger than the $119.43 million that was traded within the earlier session.

The alternate fee between the naira and the US greenback weakened on the black market on Friday, third February 2023, to commerce to a mean of N748/$1, representing a 0.4% depreciation in comparison with N745/$1 recorded on Thursday, 2nd February 2023.

That is in response to info from black market FX merchants who spoke to Nairametrics.

Additionally, the alternate fee on the traders and exporters (I&E) window depreciated marginally to N462/$1 following a streak of stability for 3 consecutive days at N461.5/$1. Foreign exchange turnover nonetheless elevated by 13.27% on Thursday to $119.35 million, from $105.37 million that exchanged arms on Wednesday.

On the flip aspect, the alternate fee on the cryptocurrency P2P alternate appreciated by 0.16% on Friday, third February 2023 to a minimal of N745/$1, as towards N746.22/$1 recorded within the earlier buying and selling session.

Nigeria’s exterior reserves recorded its first achieve after eleven consecutive days of declines, The reserve degree elevated by 0.04% on Wednesday, 1st February 2023 to face at $37.01 billion from $36.99 billion recorded in the day prior to this.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N462/$1 on Thursday, 2nd February 2023, a 0.11% depreciation from N461.5/$1 recorded on Wednesday, 1st February 2023.

The opening indicative fee closed at N461.1/$1 on Thursday, 2nd February 2023.
Moreover, an alternate fee of N462.55/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N462/1, whereas it traded for as little as N423/$1 throughout intra-day buying and selling.

A sum of $119.35 million in FX worth was transacted on the I&E window on Thursday, which is 13.27% larger than the $105.37 million that was traded within the earlier session.

Naira stays steady at N745/$1 on the black market on 2nd February 2023

The alternate fee between the naira and the US greenback traded for a mean of N745/$1 on Thursday, 2nd February 2023, the identical fee as recorded on Wednesday, 1st February 2023.

That is in response to info from black market FX merchants who spoke to Nairametrics.

Alternatively, the alternate fee on the cryptocurrency P2P alternate depreciated on Thursday, 2nd February 2023 to a minimal of N746.22/$1, from N755.5/$1 recorded within the earlier buying and selling session.

Additionally, the alternate fee on the traders and exporters (I&E) window maintained the identical fee for the third consecutive buying and selling session on Wednesday, closing at N461.5 to a greenback.

Foreign exchange turnover nonetheless elevated by 23.91% on Wednesday to $105.37 million, from $85.04 million that exchanged arms on Tuesday. Nigeria’s exterior reserves fell for the eleventh straight day to face at $36.99 billion as of thirty first January 2023, representing a decline of 0.03% from the $37.01 billion recorded as of thirtieth January 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Wednesday, 1st February 2023, identical fee recorded on Tuesday, thirty first January 2023.

The opening indicative fee closed at N461.5/$1 on Wednesday, 1st February 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $105.37 million in FX worth was transacted on the I&E window on Wednesday, which is 43.49% larger than the $85.04 million that was traded within the earlier session.

Black market alternate fee appreciates to N745/$1 on 1st February 2023

The alternate fee between the naira and the US greenback traded for a mean of N745/$1 on Wednesday, 1st February 2023, representing a 0.80% appreciation when in comparison with N751/$1 recorded within the earlier buying and selling session.

That is in response to info from black market FX merchants who spoke to Nairametrics.

Equally, the alternate fee on the cryptocurrency P2P alternate appreciated on Wednesday, 1st February 2023 to a minimal of N745.5/$1, from N752/$1 recorded on Tuesday’s buying and selling session.

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N461.5/$1 on Tuesday, thirty first January 2023, the identical fee as recorded within the earlier buying and selling session.

Foreign exchange turnover nonetheless decreased by 43.49% on Tuesday to $85.04 million, from $150.49 million that exchanged arms on Monday. Nigeria’s exterior reserves fell for the tenth straight day to face at $37.01 billion as of thirtieth January 2023, representing a decline of 0.09% from the $37.04 billion recorded as of twenty seventh January 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Tuesday, thirty first January 2023, the identical fee was recorded on Monday, thirtieth January 2023.

The opening indicative fee closed at N461.5/$1 on Tuesday, thirty first January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.

A sum of $85.04 million in FX worth was transacted on the I&E window on Tuesday, which is 43.49% decrease than the $150.49 million that was traded within the earlier session.

Black market alternate fee moderates to N751/$1 on thirty first January 2023

The alternate fee between the naira and the US greenback moderated barely to a mean of N751/$1 on Tuesday, thirty first January 2022, in comparison with N752/$1 recorded within the earlier buying and selling session.

That is in response to info from black market FX merchants who spoke to Nairametrics.

Additionally, the alternate fee on the cryptocurrency P2P alternate improved marginally to commerce at a minimal of N752/$1, on Tuesday morning from N752.4/$1 recorded on Monday’s buying and selling session.

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N461.5/$1 on Monday, thirtieth January 2023, representing a 0.05% appreciation in comparison with N461.75/$1 recorded within the earlier buying and selling session.

Foreign exchange turnover nonetheless elevated by 54.08% on Monday to $150.49 million, from $97.67 million that exchanged arms final week Friday. Nigeria’s exterior reserves fell for the ninth straight day to face at $37.04 billion as of twenty seventh January 2023, representing a decline of 0.08% from the $37.07 billion recorded as of twenty sixth January 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Monday, thirtieth January 2023, a 0.05% appreciation from N461.75/$1 recorded on Friday, twenty seventh January 2023.

The opening indicative fee closed at N461.5/$1 on Monday, thirtieth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.

A sum of $150.49 million in FX worth was transacted on the I&E window on Monday, which is 54.1% larger than the $97.67 million that was traded within the earlier session.

Naira falls sharply on the black market to N752/$1 on thirtieth January 2023

The alternate fee between naira and the US greenback fell sharply to N752/$1 on Monday, thirtieth January 2022, representing a 0.94% depreciation in comparison with N745/$1 recorded final week Friday.

That is in response to info from black market FX merchants who spoke to Nairametrics.

Equally, the alternate fee on the cryptocurrency P2P alternate depreciated on Monday morning to commerce at a minimal of N752.4/$1, a 0.83% downturn in comparison with N746.2/$1 recorded as of the identical time final week Friday, twenty seventh January 2023.

In the identical vein, the alternate fee on the traders and exporters (I&E) window closed at N461.75/$1 on Friday, twenty seventh January 2023, representing a 0.11% depreciation in comparison with N461.25/$1 recorded within the earlier buying and selling session.

Foreign exchange turnover nonetheless surged by 116.3% on Friday to $97.67 million, from $45.16 million that exchanged arms within the earlier session. Nigeria’s exterior reserves stood at $37.07 billion as of twenty sixth January 2023, representing a decline of 0.07% from the $37.09 billion recorded as of twenty fifth January 2023, representing the eighth consecutive day of decline.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.75/$1 on Friday, twenty seventh January 2023, a 0.11% depreciation from N461.25/$1 recorded on Thursday, twenty sixth January 2023.

The opening indicative fee closed at N461.25/$1 on Friday, twenty seventh January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.75/1, whereas it traded for as little as N446/$1 throughout intra-day buying and selling.
A sum of $97.67 million in FX worth was transacted on the I&E window on Friday, which is 116.28% larger than the $45.16 million that was traded within the earlier session.

Naira appreciates to N745/$1 on the black market on twenty seventh January 2023

Naira strengthened towards the US greenback on the black market on Friday, twenty seventh January 2023 to commerce at a mean of N745/$1 in comparison with N751/$1 recorded within the earlier buying and selling session.

That is in response to info from FX black market merchants who spoke to Nairametrics.

Equally, the alternate fee on the cryptocurrency P2P alternate appreciated on Friday morning to commerce at a minimal of N746.2/$1, a 0.52% appreciation in comparison with N750.09/$1 recorded as of the identical time within the earlier buying and selling session.

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N461.25/$1 on Thursday, twenty sixth January 2023, representing a 0.10% enchancment in comparison with N461.7/$1 recorded within the earlier buying and selling session.

Foreign exchange turnover nonetheless decreased by 58.88% on Thursday to $45.16 million, in comparison with the $109.82 million that exchanged arms within the earlier session. Nigeria’s exterior reserves stood at $37.09 billion as of twenty sixth January 2023, representing a decline of 0.07% from the $37.12 billion recorded as of twenty fifth January 2023, a constant decline for the previous 7 days.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.25/$1 on Thursday, twenty sixth January 2023, a 0.10% appreciation from N461.7/$1 recorded on Wednesday, twenty fifth January 2023.

The opening indicative fee closed at N461.3/$1 on Thursday, twenty sixth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.25/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.

A sum of $45.16 million in FX worth was transacted on the I&E window on Thursday, which is 58.88% decrease than the $109.82 million that was traded within the earlier session.

Black market alternate fee depreciates barely to N751/$1 on twenty sixth January 2023

The alternate fee between the naira and the US greenback depreciated barely by 0.13% on Thursday, twenty sixth January 2023 to commerce at a mean of N751/$1 in comparison with N750/$1 recorded within the earlier buying and selling session.

That is in response to info from FX black market merchants who spoke to Nairametrics.

In the identical vein, the alternate fee on the cryptocurrency P2P alternate depreciated on Thursday morning to commerce at a minimal of N750.09/$1, a 0.17% depreciation in comparison with N748.79/$1 recorded as of the identical time within the earlier buying and selling session.

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N461.7/$1 on Wednesday, twenty fifth January 2023, representing a 0.06% enchancment in comparison with N462/$1 recorded within the earlier buying and selling session.

Foreign exchange turnover nonetheless decreased marginally by 1.98% on Wednesday to $109.82 million, in comparison with the $112.04 million that exchanged arms within the earlier session. Nigeria’s exterior reserves stood at $37.12 billion as of twenty fourth January 2023, representing a decline of 0.07% from the $37.15 billion recorded as of twenty fourth January 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.7/$1 on Wednesday, twenty fifth January 2023, a 0.06^appreciation from N462/$1 recorded on Tuesday, twenty fourth January 2023.

The opening indicative fee closed at N461.7/$1 on Wednesday, twenty fifth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.7/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.

A sum of $109.82 million in FX worth was transacted on the I&E window on Wednesday, which is 1.98% decrease than the $112.04 million that was traded within the earlier session.

Naira appreciates to N750/$1 on the black market on twenty fifth January 2023

Naira improved towards the US greenback on the black market on Wednesday morning, twenty fifth January 2023, to commerce at a mean of N750/$1, representing a 0.40% appreciation in distinction to a mean of N753/$1 recorded on Tuesday morning.

That is in response to info from FX black market merchants who spoke to Nairametrics.

On the flip aspect, the alternate fee on the cryptocurrency P2P alternate depreciated on Wednesday morning to commerce at a minimal of N748.79/$1, a 0.24% depreciation in comparison with N747/$1 recorded as of the identical time within the earlier buying and selling session.

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N462/$1 on Tuesday, twenty fourth January 2023, representing a slight drop of 0.08% from N461.63/$1 recorded within the earlier buying and selling session.

Foreign exchange turnover nonetheless decreased by 15.61% on Tuesday to $112.04 million, in comparison with the $132.77 million that exchanged arms within the earlier session. Nigeria’s exterior reserves stood at $37.15 billion as of twenty third January 2023, representing a decline of 0.12% from the $37.19 billion recorded as of twentieth January 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N462/$1 on Tuesday, twenty fourth January 2023.

The opening indicative fee closed at N461.2/$1 on Tuesday, twenty fourth January 2023.
Moreover, an alternate fee of N463/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N462/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.
A sum of $112.04 million in FX worth was transacted on the I&E window on Tuesday, which is 15.61% decrease than the $132.77 million that was traded within the earlier session.

Naira depreciates to N753/$1 on the black market on twenty fourth January 2023

Naira weakened towards the US greenback on the black market on Tuesday morning, twenty fourth January 2023, having depreciated by 1.07% to commerce at a mean of N753/$1 in comparison with a mean of N745/$1 recorded on Monday.

That is in response to info from FX black market merchants who spoke to Nairametrics.

Additionally, the alternate fee on the cryptocurrency P2P alternate depreciated on Tuesday morning to commerce at a minimal of N747/$1, a 0.27% downtrend in comparison with N745/$1 recorded as of the identical time on Monday.

In the identical vein, the alternate fee on the traders and exporters (I&E) window closed at N461.63/$1 on Monday, twenty third January 2023, representing a 0.03% dip from N461.5/$1 recorded within the earlier buying and selling session.

Foreign exchange turnover nonetheless rallied by 37.14% on Monday to $132.77 million, in distinction to the $96.81 million that exchanged arms within the earlier session. Nigeria’s exterior reserves stood at $37.19 billion as of twentieth January 2023, representing a lower of 0.03% from the $37.20 billion recorded as of nineteenth January 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.63/$1 on Monday, twenty third January 2023.

The opening indicative fee closed at N460.75/$1 on the day underneath evaluate.
Moreover, an alternate fee of N463/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.63/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.

A sum of $132.77 million in FX worth was transacted on the I&E window on Monday, which is 37.14% larger than the $96.81 million that was traded within the earlier session.

Naira appreciates to N745/$1 on the black market on twenty third January 2023

The alternate fee between the naira and the US greenback on the black market appreciated additional by 0.13% on Monday morning, twenty third January 2023, buying and selling at a mean of N745/$1 in comparison with N746/$1 recorded final week Friday.

That is in response to info from FX black market merchants who spoke to Nairametrics.

Alternatively, the alternate fee on the cryptocurrency P2P alternate depreciated on Monday morning to commerce at a minimal of N745/$1, a 0.15% downturn in comparison with N743.9$1 recorded as of the identical time final week Friday..

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N461.5/$1 on Friday, twentieth January 2023, the identical as recorded within the earlier buying and selling session.

Foreign exchange turnover dipped by 55.6% on Friday to $96.81 million, in comparison with the $217.86 million that was transacted within the earlier session. Nigeria’s exterior reserves stood at $37.201 billion as of nineteenth January 2023, representing a lower of 0.01% from the $37.205 billion recorded on of 18th January 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Friday, twentieth January 2023.

The opening indicative fee closed at N461/$1 on Friday, twentieth January 2023, representing a slight uptick in comparison with N461.1/$1 recorded within the earlier session.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.

A sum of $96.81 million in FX worth exchanged arms on the I&E window on Friday, which is 55.6% decrease than the $217.86 million that was traded within the earlier session.

Black market alternate fee moderates to N746/$1 on twentieth January 2023

The alternate fee between the naira and the US greenback on the black market appreciated barely by 0.27% on Friday, twentieth January 2023, buying and selling at a mean of N746/$1 in comparison with N748/$1 recorded on the day prior to this.

That is in response to info from FX black market merchants who spoke to Nairametrics.

In the identical vein, the alternate fee on the cryptocurrency P2P alternate improved on Friday morning to commerce at a minimal of N743.9/$1, a 0.35% appreciation in comparison with N746.48/$1 recorded as of the identical time on Thursday.

Alternatively, the alternate fee on the traders and exporters (I&E) window closed at N461.5/$1 on Thursday, nineteenth January 2023, recording a slight depreciation in comparison with N461.25/$1 that it closed on the finish of the earlier buying and selling session.

Foreign exchange turnover elevated by 292.3% on Thursday to $217.86 million, its highest day by day quantity since twenty first December 2022. In the meantime, Nigeria’s exterior reserves stood at $37.205 billion as of 18th January 2023, representing a lower of 0.01% from the $37.208 billion recorded on seventeenth January 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Thursday, nineteenth January 2023, a 0.05% depreciation from N461.25/$1 recorded within the earlier buying and selling session.

The opening indicative fee closed at N461.1/$1 on Thursday, nineteenth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.
A sum of $217.86 million in FX worth exchanged arms on the I&E window on Thursday, which is 292.3%
larger than the $55.54 million that was traded within the earlier session.

Black market alternate fee depreciates to N748/$1 on nineteenth January 2023

The alternate fee between the naira and the US greenback on the black market depreciated by 0.27% to commerce a mean of N748/$1 on Thursday nineteenth January 2023, in comparison with N746/$1 recorded on the day prior to this.

That is in response to info from FX black market merchants who spoke to Nairametrics.

Alternatively, the alternate fee on the cryptocurrency P2P alternate improved marginally on Thursday morning to commerce at a minimal of N746.48/$1, an 0.02% appreciation in comparison with N746.6/$1 recorded as of the identical time on Wednesday.

Equally, the alternate fee on the traders and exporters (I&E) window closed at N461.25/$1 on Wednesday, 18th January 2023, recording a slight enchancment in comparison with N461.5/$1 that it closed on the finish of the earlier buying and selling session.

A sum of $55.54 million exchanged arms on Wednesday, which is marginally larger than the $55.52 million that was traded on Tuesday, seventeenth January 2023. In the meantime, Nigeria’s exterior reserves stood at $37.208 billion as of seventeenth January 2023, representing a lower of 0.006% from the $37.210 billion recorded on sixteenth January 2023.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.25/$1 on Wednesday, 18th January 2023, an 0.05% appreciation from N461.5/$1 recorded within the earlier buying and selling session.

The opening indicative fee closed at N461/$1 on Wednesday, 18th January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.25/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.
A sum of $55.54 million in FX worth exchanged arms on the I&E window on Wednesday, which is 0.04% larger than the $55.52 million that was traded within the earlier session.

Naira strengthens to N746/$1 on the black market on 18th January 2023

The alternate fee between the naira and the US greenback on the black market appreciated on Wednesday 18th January 2023, buying and selling at a mean of N746/$1. This represents a marginal enchancment of 0.13% in comparison with N747/$1 recorded within the buying and selling session.

That is in response to info from black market merchants who spoke to Nairametrics.

Likewise, the alternate fee on the cryptocurrency P2P alternate appreciated marginally by 0.15% on Wednesday morning to commerce at a minimal of N746.6/$1, in comparison with N747.7/$1 recorded as of the identical time on Tuesday.

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N461.5/$1 on Tuesday, sixteenth January 2023, sustaining the identical fee it recorded within the earlier buying and selling session.

A sum of $55.52 million exchanged arms on Tuesday, as foreign exchange turnover declined by 72.04% in contrast to $198.6 million that was traded on Monday, sixteenth January 2023.

Nigeria’s exterior reserves, nonetheless, stood at $37.21 billion as of sixteenth January 2023, representing a rise of 0.013% from the $37.206 billion recorded on thirteenth December 2022.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Tuesday, seventeenth January 2023, the identical as the speed recorded within the earlier buying and selling session.

The opening indicative fee closed at N460.9/$1 on Tuesday, seventeenth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.
A sum of $55.52 million in FX worth exchanged arms on the I&E window on Tuesday, which is 72.04% decrease than the $198.6 million that was traded within the earlier session.

Naira falls to N747/$1 on the black market on seventeenth January 2023

The alternate fee between the naira and the US greenback on the black market depreciated on Tuesday seventeenth January 2023, buying and selling at a mean of N747/$1. This represents a 1.63% fall in comparison with N735/$1 maintained within the final three buying and selling periods.

That is in response to info from black market merchants who spoke to Nairametrics. The downturn within the black market was attributed to elevated demand for FX on account of the approaching Chinese language New Yr vacation.

China, which is about to go on vacation between the twenty first and twenty seventh of January will shut buying and selling actions in the course of the interval, therefore prompting Nigerian merchants to preorder items forward of the vacation.

Equally, the alternate fee on the cryptocurrency P2P alternate depreciated by 0.50% on Tuesday morning to commerce at a minimal of N747.7/$1, in comparison with N743.95/$1 recorded as of the identical time on Monday.

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N461.5/$1 on Monday, sixteenth January 2023, a 0.09% enchancment from N461.9/$1 recorded within the earlier buying and selling session.

Foreign exchange turnover surged by 175.2% on Monday as a sum of $198.6 million exchanged arms in distinction to $72.18 million that was traded on Friday, thirteenth January 2023.

Nigeria’s exterior reserves nonetheless, stood at $37.206 billion as of thirteenth January 2023, representing a marginal lower of 0.002% from the $37.206 billion recorded as twelfth December 2022, a reversal from the seventh consecutive improve it had recorded.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Monday, sixteenth January 2023, in comparison with N461.9/$1 recorded within the earlier buying and selling session.

The opening indicative fee closed at N461/$1 on Monday, sixteenth January 2023.
Moreover, an alternate fee of N465.5/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.
A sum of $198.6 million in FX worth exchanged arms on the I&E window on Monday, which is 175.15% larger than the $72.18 million that was traded within the earlier session.

Naira maintains fee towards USD at N735/$1 on sixteenth January 2023

The alternate fee between the naira and the US greenback on the black market remained flat on Monday sixteenth January 2023, buying and selling at a mean of N735/$1. The identical was recorded within the final three buying and selling periods.

That is in response to info from black market merchants who spoke to Nairametrics.

Additionally, the alternate fee on the cryptocurrency P2P alternate appreciated by 0.43% on Monday morning to commerce at a minimal of N743.95/$1, in comparison with N747.18/$1 recorded as of the identical time final week Friday.

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N461.9/$1 on Friday, thirteenth January 2023, a 0.16% depreciation from N461.17/$1 recorded within the earlier buying and selling session.

Buying and selling actions on the official market declined additional by 18.85% on Friday thirteenth January 2023. Particularly, a complete of $72.18 million was traded on Friday, towards the $88.95 million that exchanged arms in the day prior to this.

Nigeria’s exterior reserves nonetheless, stood at $37.205 billion as of twelfth January 2023, representing a marginal improve from the $37.205 billion recorded as of eleventh December 2022, indicating a seventh straight improve within the nation’s reserve degree.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.9/$1 on Friday, thirteenth January 2023, from N461.17/$1 recorded within the earlier buying and selling session.

The opening indicative fee closed at N461.2/$1 on Friday, thirteenth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.9/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.
A sum of $72.18 million in FX worth exchanged arms on the I&E window on Friday, which is eighteen.85% decrease than the $88.95 million that was traded within the earlier session.

Naira trades flat at N735/$1 on the black market on thirteenth January 2023

The alternate fee between the naira and the US greenback on the black market remained flat on Friday, thirteenth January 2023, buying and selling at a mean of N735/$1. The identical as recorded within the earlier buying and selling session.

That is in response to info from black market merchants who spoke to Nairametrics.

Alternatively, the alternate fee on the cryptocurrency P2P alternate depreciated by 0.02% on Friday morning to commerce at a minimal of N747.18/$1, in comparison with N747/$1 recorded as of the identical time on Thursday.

In the meantime, the alternate fee on the traders and exporters (I&E) window closed at N461.17/$1 on Thursday, twelfth January 2023, a 0.16% appreciation from N461.9/$1 recorded within the earlier buying and selling session.

Buying and selling actions on the official market declined by 41.19% on Thursday twelfth January 2023. Particularly, a complete of $88.95 million was traded on Thursday, towards the $151.26 million that exchanged arms in the day prior to this.

Nigeria’s exterior reserves nonetheless, stood at $37.21 billion as of eleventh January 2023, representing a 0.01% improve from the $37.2 billion recorded as tenth December 2022, indicating a sixth successive improve within the nation’s reserve degree.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.17/$1 on Thursday, twelfth January 2023, from N461.9/$1 recorded within the earlier buying and selling session.

The opening indicative fee closed at N461/$1 on Thursday, twelfth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.17/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.

A sum of $88.95 million in FX worth exchanged arms on the I&E window on Thursday, which is 41.19% decrease than the $151.26 million that was traded within the earlier session.

Black market alternate fee appreciates additional to N735/$1 on twelfth January 2023

The alternate fee between the naira and the US greenback on the black market appreciated on Thursday, twelfth January 2023 to commerce at a mean of N735/$1. Representing an uptrend of 0.41% in comparison with N738/$1 recorded on Wednesday.

That is in response to info from black market merchants who spoke to Nairametrics.

Additionally, the alternate fee on the cryptocurrency P2P alternate appreciated by 0.11% on Thursday morning to commerce at a minimal of N747/$1 from N747.85/$1 recorded as of the identical time on Wednesday.

Alternatively, the alternate fee on the traders and exporters (I&E) window closed at N461.9/$1 on Wednesday, eleventh January 2023, in comparison with N461.5/$1 recorded within the earlier buying and selling session.

The official alternate fee depreciated by 0.1% regardless of a 28.5% improve in buying and selling actions on the alternate. Notably, a complete of $151.26 million was traded on Wednesday, towards the $117.63 million that exchanged arms in the day prior to this.

Nigeria’s exterior reserves nonetheless, stood at $37.2 billion as of tenth January 2023, representing a 0.02% improve from the $37.19 billion recorded as ninth December 2022, indicating a fifth successive improve within the nation’s reserve degree.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.9/$1 on Wednesday, eleventh January 2023, from N461.5/$1 recorded within the earlier buying and selling session.

The opening indicative fee closed at N460.25/$1 on Wednesday, eleventh January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.9/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.
A sum of $151.26 million in FX worth exchanged arms on the I&E window on Wednesday, which is 28.59% larger than the $117.63 million that was traded within the earlier session.

The black market alternate fee appreciates to N738/$1 on eleventh January 2023

The alternate fee between the naira and the US greenback on the black market appreciated on Wednesday, eleventh January 2023 to commerce at a mean of N745/$1. This represents an uptrend of 0.94% in comparison with N745/$1 recorded on Tuesday.

That is in response to info from black market merchants who spoke to Nairametrics.

Additionally, the alternate fee on the traders and exporters (I&E) window recorded a marginal development on Tuesday, tenth January 2023 to shut at N461.5/$1 from N461.67/$1 recorded within the earlier buying and selling session.

The motion within the official alternate fee follows a 149.6% surge in foreign exchange turnover on Tuesday. A complete of $117.63 million in FX worth was traded on the window, in comparison with $47.13 million that exchanged arms on Monday.

Alternatively, the alternate fee on the cryptocurrency P2P alternate depreciated by 0.3% on Wednesday morning to commerce at a minimal of N747.85/$1 from N745.75/$1 recorded as of the identical time on Tuesday.

Nigeria’s exterior reserves nonetheless, stood at $37.2 billion as of ninth January 2023, representing a 0.09% improve from the $37.16 billion recorded as sixth December 2022, indicating a fourth successive improve within the nation’s reserve degree.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Tuesday, tenth January 2023, from N461.67/$1 recorded within the earlier buying and selling session.

The opening indicative fee closed at N460.25/$1 on Tuesday, tenth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.
A sum of $117.63 million in FX worth exchanged arms on the I&E window on Tuesday, which is 149.59% larger than the $47.13 million that was traded within the earlier session.

Naira trades flat at N745/$1 at black market on tenth January 2023

The alternate fee between the naira and the US greenback on the black market remained flat at N745/$1 on Tuesday morning, tenth January 2023. This is identical fee recorded within the earlier buying and selling day.

That is in response to info from black market merchants who spoke to Nairametrics. The alternate fee had depreciated by 1.92% yesterday from N731/$1.

Likewise, the alternate fee on the traders and exporters (I&E) window closed flat at N461.67/$1 on Monday, ninth January 2023. In the meantime, foreign exchange turnover fell by 40.38% to $47.13 million in comparison with $79.05 million that exchanged arms within the earlier buying and selling session.

Alternatively, the alternate fee on the cryptocurrency P2P alternate depreciated by 0.02% on Tuesday morning to commerce at a minimal of N745.6/$1 from N745.6/$1 recorded as of the identical time on Monday.

Nigeria’s exterior reserves nonetheless, stood at $37.16 billion as of sixth January 2023, representing a 0.03% improve from the $37.11 billion recorded as 4th December 2022, indicating a 3rd successive improve within the nation’s reserve degree.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.67/$1 on Monday, ninth January 2023, the identical fee as recorded on Friday final week.

The opening indicative fee closed at N459.33/$1 on Monday, ninth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.67/1, whereas it traded for as little as N426/$1 throughout intra-day buying and selling.

A sum of $47.13 million in FX worth exchanged arms on the I&E window on Monday, which is 40.38% decrease than the $79.05 million that was traded within the earlier session.

Naira falls sharply to N745/$1 at black market on ninth January 2023

The alternate fee between the naira and the US greenback depreciated on Monday, ninth January 2023, to commerce at a mean of N745/$1 on the black market, following two weeks of stability.

That is in response to info from black market merchants who spoke to Nairametrics. In comparison with the N731/$1 recorded final week Friday, naira depreciated by 1.92%.

In keeping with FX merchants, the downturn was anticipated initially of the yr, on account of elevated calls for for overseas alternate within the nation. The excessive demand in response to the dealer is due to Nigerians who need to pay for varsity charges overseas, buy property, and ship funds to kids overseas amongst others.

Additionally, the alternate fee on the cryptocurrency P2P alternate depreciated by 0.35% on Monday morning to commerce at a minimal of N745.6/$1.

In the meantime, the alternate fee on the traders and exporters (I&E) window weakened barely to N461.67/$1 on Friday, sixth January 2023, a 0.04% depreciation from the N461.5/$1 recorded on Thursday, fifth January 2023.

A complete of $79.05 million was traded on the official market on Friday, a marginal improve in comparison with $68.14 million that exchanged arms the day prior to this. Nigeria’s exterior reserves, nonetheless, stood at $37.15 billion as of fifth January 2023, representing a 0.12% improve from the $37.11 billion recorded as 4th December 2022.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.67/$1 on Friday, sixth January 2023, representing a 0.04% depreciation from N461.5/$1 recorded on Thursday.

The opening indicative fee closed at N459.5/$1 on Friday, sixth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.6751, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.

A sum of $79.05 million in FX worth exchanged arms on the I&E window on Friday, which is 16.01% larger than the $68.14 million that was traded within the earlier session.

Naira depreciates marginally on the black market, and trades at N731/$1 on sixth January 2023

Naira depreciated towards the US greenback on the black market, on Friday, sixth January 2023, buying and selling at a mean of N731/$1, a 0.14% depreciation in comparison with N730/$1 recorded within the earlier buying and selling day.

That is in response to info from black market merchants who spoke to Nairametrics.

Alternatively, the alternate fee on the P2P cryptocurrency Alternate improved on Friday morning, buying and selling at a minimal of N743/$1, a 0.11% uptrend in comparison with N743.79/$1 recorded in the day prior to this session.

In the meantime, the alternate fee on the official traders and exporters (I&E) window improved barely to N461.50/$1 on Thursday, fifth January 2023, from the N461.67/$1 recorded on Wednesday, 4th January 2023.

A complete of $68.14 million was traded on the official market on Thursday, a slight decline in comparison with $69.33 million that exchanged arms the day prior to this. Nigeria’s exterior reserve in the identical vein, stood at $37.07 billion as of third January 2023, a 0.04% discount from the $37.08 billion recorded as thirtieth December 2022.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Thursday, fifth January 2023, representing a 0.04% appreciation from N461.67/$1 recorded on Wednesday.

The opening indicative fee closed at N459.6/$1 on Thursday, fifth January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/$1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.

A sum of $68.14 million in FX worth exchanged arms on the I&E window on Thursday, which is 1.72% decrease than the $69.33 million that was traded within the earlier session.

Naira improves on the black market to N730/$1 on fifth January 2023

The alternate fee between the naira and the US greenback appreciated on Thursday, fifth January 2023 buying and selling at a mean of N730/$1 on the black market, an enchancment of 0.82% from N736/$1 that was recorded within the final three buying and selling days.

That is in response to info from black market merchants who spoke to Nairametrics.

Equally, the alternate fee on the P2P cryptocurrency Alternate strengthened on Thursday morning, buying and selling at a minimal of N743.79/$1, a 0.69% appreciation in comparison with N748.95/$1 recorded in the day prior to this session.

In the meantime, the naira depreciated towards the US greenback on the official traders and exporters (I&E) window to shut at N461.67/$1 on Wednesday, 4th January 2022, a 0.15% depreciation from the N461/$1 recorded on Tuesday.

A complete of $69.33 million was traded on the official market on Wednesday, a big drop of 54.82% in comparison with the $153.45 million that exchanged arms the day prior to this. Nigeria’s exterior reserve stood at $37.07 billion as of third January 2023, a lower of 0.04% from the $36.08 billion recorded on thirtieth December 2022.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.67/$1 on Wednesday, 4th January 2023, representing a 0.15% depreciation from N461/$1 recorded on Tuesday.

The opening indicative fee closed at N456.17/$1 on Wednesday, 4th January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.67/$1, whereas it traded for as little as N425/$1 throughout intra-day buying and selling.
A sum of $69.33 million in FX worth exchanged arms on the I&E window on Wednesday, which is 54.82% decrease than the $153.45 million that was traded within the earlier session.

Black market alternate fee trades at N736/$1 on third January 2023

The alternate fee between the naira and the US greenback remained flat on Wednesday, 4th January 2023 buying and selling at a mean of N736/$1 on the black marketplace for the third straight day.

That is in response to info from black market merchants who spoke to Nairametrics.

Alternatively, the alternate fee on the P2P cryptocurrency Alternate depreciated on Wednesday morning, buying and selling at a minimal of N748.95/$1, a 0.96% depreciation in comparison with N741.79/$1 recorded yesterday.

In the meantime, the alternate fee on the official traders and exporters (I&E) window began the yr on a constructive be aware with a 0.11% achieve to shut at N461/$1 from N461.5/$1 recorded as of the final session of 2021.

A complete of $153.45 million was traded on the alternate on Tuesday, a lower of 12.93% in comparison with the $176.24 million that exchanged arms the day prior to this. Nigeria’s exterior reserve stood at $37.08 billion as of thirtieth December 2022, a lower of 0.02% from the $36.09 billion recorded as of the day prior to this.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461/$1 on Tuesday, third January 2023, representing a 0.11% appreciation from N461.5/$1 recorded final week Friday.

The opening indicative fee closed at N459.25/$1 on Tuesday, third January 2023.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461/$1, whereas it traded for as little as N440/$1 throughout intra-day buying and selling.

A sum of $153.45 million in FX worth exchanged arms on the I&E window on Tuesday, which is 12.93% decrease than the $176.24 million that was traded within the earlier session.

Black alternate fee stays steady at N736/$1 on third January 2023

The alternate fee between the naira and the US greenback remained flat on Tuesday, third January 2023 buying and selling at a mean of N736/$1 on the black market, the identical as recorded as of the shut of buying and selling actions final week Friday.

That is in response to info from black market merchants who spoke to Nairametrics.

On the flip aspect, the alternate fee on the P2P cryptocurrency Alternate depreciated on Tuesday morning, buying and selling at a minimal of N741.79/$1, a 0.87% depreciation in comparison with N735.42/$1 recorded on Friday, final week

In the meantime, the alternate fee on the official traders and exporters (I&E) window appreciated barely on Friday, thirtieth December 2022 to shut at N461.5/$1, though it represents 5.7% downturn from 2022 yr.

A complete of $176.24 million was traded on the alternate on Friday, a rise of 23.95% in comparison with the $142.19 million that exchanged arms the day prior to this. Nigeria’s exterior reserve stood at $37.09 billion as of twenty ninth December 2022, a rise of 0.04% from the $36.08 billion recorded as of the day prior to this.

Buying and selling on the official NAFEX window

The alternate fee on the official market closed at N461.5/$1 on Friday, thirtieth December 2022, representing a 0.04% appreciation from N461.67/$1 recorded on Thursday.

The opening indicative fee closed at N451.5/$1 on Friday, thirtieth December 2022.
Moreover, an alternate fee of N462/$1 was the very best fee recorded throughout intra-day buying and selling earlier than it settled at N461.5/$1, whereas it traded for as little as N425/$1 throughout intra-day buying and selling.
A sum of $176.24 million in FX worth exchanged arms on the I&E window on Friday, which is 23.95% larger than the $142.19 million that was traded within the earlier session.

See 2022 alternate charges Naira holds steady against dollar at 747/$1 as pounds plunges significantly by 1.61%

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