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See Exchange Rate Tonight As Naira Appreciates At Official Market

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See Exchange Rate As Naira Gains 0.07%

Naira regained ground to appreciate massively against the dollar on Thursday 11th January 2024 at the official market after it maintained a record low on Wednesday 10th, 2024.  

The domestic currency appreciated by 19.17% to close at N874.79 to a dollar at the close of business, data from the NAFEM where forex is officially traded, showed.

 

See Exchange Rate Tonight As Naira Appreciates At Official Market

 

This represents an N207.53 gain or a 19.17% increase in the local currency compared to the N1,082.32 it closed on Wednesday.

The intraday high recorded was N1264.96/$1, while the intraday low was N475/$1, representing a wide spread of N789.96/$1.

According to data obtained from the official NAFEM window, forex turnover at the close of the trading was $110.41 million, representing a 54.49% decrease compared to the previous day.

However, the naira dropped at the parallel forex market where forex is sold unofficially, the exchange rate depreciated by 0.40%, quoted at N1245/$1, while peer-to-peer traders quoted around N1261.57/$1.

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    June 14, 2025 at 10:59 am

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