BREAKING: Dollar Crashes To Lowest Against Naira Since CBN Banned AbokiFx

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Dollar to Naira Black Market Exchange Rate Today , Black Market Dollar To Naira Exchange Rate Today
The Nigerian currency, the , has crashed against the U.S. dollar in the official market.

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

 

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Read Also : Black Market Dollar To Naira Exchange Rate Today 11th November 2021

Crashes Further Against the US Dollar in Official Market

According to the FMDQ securities exchange, where the Naira is officially traded, the Naira fell 39 kobo, or 0.33 percent, against the US dollar today, Thursday November 11th, trading at 414.28/$1 after opening at ₦413.89/$1.

Naira Crashes Further Against the US Dollar in Official Market

Ejes Gist News published that the Naira was sold yesterday at ₦413.89/$1 in the official window where Naira and dollars are traded.

According to FMDQ data, the total value of transactions for the trading session was $73.11 million, down from $99.14 million the previous session.

The Nigerian currency, on the other hand, did not move against the US dollar in the interbank market yesterday, closing flat at N414.29/$1.

At the same time, the Naira’s exchange rate versus the Pound Sterling and the Euro stayed constant at N553.02/£1 and N474.38/€1, respectively.

According to dealers in Okota, Lagos, who talked to Newsmen, the Naira sold for N565 to a US dollar on the illicit market.

Thank you for reading Naira Crashes Further Against the US Dollar in Official Market. Always visit Ejes Gist News for the most recent news.

 

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