Breaking: Naira Appreciates Significantly Against the U.S Dollar at Official Market

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Dollar to Naira Black Market Exchange Rate Today , Black Market Dollar To Naira Exchange Rate Today

The Nigerian Currency, has Appreciated against U.S Dollar at the official market.

Ejes Gist News reports that the value of the Nigerian currency increased to the U.S dollar after Monday’s trading activities in the Investors and Exporters (I & E) segment of the foreign exchange (forex) market, when compared to Tuesday’s trading.

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Read Also : Black Market Dollar To Naira Exchange Rate Today 9th November 2021

According to data from the FMDQ securities exchange, where the is officially traded, the gained 98 kobo, or 0.24 percent, to the US dollar today, Tuesday November 9th, trading at 413.57% after closing at N414.55/$1 on Monday November 8th, 2021.

Ejes Gist News published that the Naira was sold yesterday at 414.01/$1 in the official window.

FMDQ data showed the value of transactions for the trading session stood at $73.11 million as against the previous session’s turnover of $99.14 million.

 

However, at the interbank segment of the market, the Nigerian currency recorded no movement against the American currency as it closed flat N414.29/$1 yesterday.

It was a similar scenario at the same window against the Pound Sterling and the Euro as the exchange rate of the Naira remained unchanged at N553.02/£1 and N474.38/€1 respectively.

While at the black-market Naira sold at N565 to a U.S dollar says traders at Okota, Lagos who spoke to Newsmen.

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