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Naira-Dollar exchange

Naira-Dollar exchange used to illustrate the story.

Naira gains at official market

At the black market in Uyo, the currency dealers exchanged the naira at N565.00 and sold at N570.00 to a dollar on Thursday.

byAbdulkareem Mojeed
December 2, 2021
1 min read

Naira gained marginally against the U.S dollar on Thursday at the Investors and Exporters (I&E) window (official market), after the local unit recorded no significant movement at the market segment in the past five consecutive sessions.

The domestic currency closed at N414.80 to a dollar at the close of business on Thursday data published on the FMDQ securities exchange windows where forex is officially traded showed.

This implies a N0.27 or 0.06 per cent appreciation for the N415.07 rate to a dollar it stood since November 24.

Naira touched an intraday high of N405.00 and a low of N457.02 before closing at N414.80 per $1 on Thursday.

At the black market in Uyo, the currency dealers exchanged the naira at N565.00 and sold at N570.00 to a dollar on Thursday.

Dealers at Abuja said they exchanged the domestic unit at N563.00 to a dollar, and sold at N565.00 to a dollar on Thursday.

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