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See Exchange Rate Tonight As Naira Appreciates At Official Market

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Dollar To Naira Exchange Rate Today 27 January 2023(Black Market)

Naira gained against the dollar on Tuesday, 23rd January 2024 at the official market. 

The domestic currency appreciated 5.05% to close at N878.61 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 N46.73 gain or a 5.05% increase in the local currency compared to the N925.34 closed on Monday.

The intraday high recorded was N1336.05/$1, while the intraday low was N701/$1, representing a wide spread of N635.05/$1.

According to data obtained from the official NAFEM window, forex turnover at the close of the trading was $58.46 million, representing a 20.28% decrease compared to the previous day.

However, the naira closed flat at the parallel forex market where forex is sold unofficially, the exchange rate quoted at N1360/$1, the same as what it closed the previous day, while peer-to-peer traders quoted around N1393/$1.

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