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See Exchange Rate Tonight As Naira Appreciates For The First Time In 3 Weeks
Naira on Wednesday, appreciated against the US Dollar on the unofficial parallel market, popularly known as black market.
In afternoon trading, the exchange rate was N1,300 per dollar, representing a 0.76% increase (N10) compared to the N1,310 rate recorded on Tuesday on the black market.
See Exchange Rate Tonight As Naira Appreciates
The persistent foreign exchange pressure, exacerbated by the Naira reaching as low as N1,310 per dollar, showed signs of improvement on Wednesday as demand slightly eased.
The most recent instance of Naira appreciation occurred on October 3, 2023, when it increased by 0.79% (N8) against the US Dollar.
On Tuesday, the Naira experienced a significant 6.86% depreciation after having strengthened by 1.85% against the dollar on Monday at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
BY IYABO AINA
Publisher Of News Rain Nigeria
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