Black Market Dollar To Naira Exchange Rate Today 30 April 2022
Truetells Nigeria reports that the exchange rate between the naira and the US dollar closed at N416.67/$1 at the Investors and Exporters (I&E) window, where forex is traded officially.
This online news platform understands that Naira retracted as it depreciated by 0.16% against the US dollar to close at N416.67/$1 compared to N416/$1 recorded in the previous trading session.
Demand for dollar at the official window has witnessed consecutive declines in the past 3 trading sessions.
In the same vein, the exchange rate started downwards at the Peer-to-Peer (P2P) forex market, trading at a minimum of N576 to a dollar on Tuesday morning.
This represents a 0.16% depreciation compared to N575.1/$1 recorded on Monday, 12th February 2022.
On the other hand, Naira remained flat at the parallel market, trading at N570/$1 on Monday, 14th February 2022.
This is according to information obtained from BDC operators by Nairametrics.
Also, Nigeria’s external reserve dropped further on Friday, 11th February 2022 to close at $39.85 billion. Representing a 0.06% decline compared to $39.87 billion recorded as of the previous day.
The reserve continues despite the upward trend in the price of crude oil, already trading above $95 per barrel and edging closer to hitting the $100 per barrel mark.
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