Naira Continues Fall Against Dollar, See Latest Exchange Rate

Date: 13-05-2022 12:07 pm (8 months ago) | Author: Abasiodu Sunday
- at 13-05-2022 12:07 PM (8 months ago)

The naira exchanged N590 to a dollar at the parallel market on Thursday, according to information obtained by Nairametrics.
This is as the exchange rate between the naira and the US dollar closed at N420/$1 at the official Investors and Exporters (I&E) window, falling by 0.3% from N418.25/$ recorded the previous day.
This represents the lowest level since the 4th of January 2022, when the exchange rate closed at N422/$1 at the I&E Window. Naira fell sharply despite a 38.19% increase in FX liquidity. A sum of $160 million in FX value exchanged hands at the official market on Thursday.
Also, the exchange rate against the US dollar gained 1.45% on Friday morning at the peer-to-peer market, trading at a minimum of N598.5/$1 compared to N607.32/$1 recorded as of the same time the previous day.

Posted: at 13-05-2022 12:07 PM (8 months ago) | Gistmaniac
- gogoman at 13-05-2022 12:15 PM (8 months ago)
they should seek knowledge from GHANA on monetary stuff... stupid  Roll Eyes Roll Eyes Roll Eyes
Posted: at 13-05-2022 12:15 PM (8 months ago) | Grande Master