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Home Markets Currencies
BLACK MARKET EXCHANGE RATE MODERATES TO N755/$1 ON 15TH FEBRUARY 2023
THIS IS OUR DAILY TRACKER OF THE EXCHANGE RATES...
bySamuel Oyekanmi
20 hours ago
in Currencies, Exclusives, Markets
Naira trades at N756/$1 at the black market on 14th February 2023
Share on FacebookShare on TwitterShare on Linkedin
Naira appreciated slightly against the US dollar on Wednesday, 15th February
2023, trading at an average of N755/$1 at the black market compared to the
previous average of N756/$1.
This is according to information from black market FX operators who spoke to
Nairametrics.
On the other hand, the exchange rate at the cryptocurrency P2P exchange market
depreciated further to N755.18/$1 on Wednesday, 15th February 2023, from
N752.25/$1 recorded in the previous trading session.
Meanwhile, naira depreciated against the US dollar at the investors and
exporters (I&E) window by 0.15% to close at N461/$1 on Tuesday, 14th February
2023 from N461/$1 recorded on Monday.
Forex turnover at the official market decreased by 67.04% to $68.85 million on
Tuesday, 14th February 2023, compared to the $208.91 million that was transacted
in the previous session.
Nigeria’s external reserves stood at $36.817 billion as of Monday, 13th February
2023, slightly lower than the $36.82 billion recorded as of last week Friday.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.67/$1 on Tuesday, 14th
February 2023, a 0.15% depreciation from N461/$1 recorded on Monday, 13th
February 2023.
* The opening indicative rate closed at N461.25/$1 on Tuesday, 14th February
2023.
* Furthermore, an exchange rate of N462.5/$1 was the highest rate recorded
during intra-day trading before it settled at N461.67/1, while it traded for
as low as N446/$1 during intra-day trading.
* A sum of $68.85 million in FX value was transacted at the I&E window on
Tuesday which is 67.04% lower than the $208.91 million that exchanged hands
in the previous session.
--------------------------------------------------------------------------------
NAIRA TRADES AT N756/$1 AT THE BLACK MARKET ON 14TH FEBRUARY 2023
Naira remained flat against the US dollar at the black market on Tuesday, 14th
February 2023, trading at an average of N756/$1, this is the same rate recorded
on Monday, 13th February 2023.
This is according to information from black market FX operators who spoke to
Nairametrics.
The exchange rate at the cryptocurrency P2P exchange depreciated for the seventh
consecutive day on Tuesday, 14th February 2023, trading at a minimum of
N752.25/$1. This represents a 0.37% depreciation from N749.48/$1 recorded on
Monday.
Meanwhile, the local currency appreciated against the US dollar at the investors
and exporters (I&E) window by 0.11% to close at N461/$1 on Monday, 13th February
2023 from N461.5/$1 recorded last week Friday.
Forex turnover at the official market increased by 251.70% to $208.91 million on
Monday, 13th February 2023, compared to the $59.40 million that was transacted
in the previous session.
Nigeria’s external reserves stood at $36.82 billion as of Thursday, 9th February
2023, slightly lower than the previous day, representing the fifth consecutive
day of decline.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461/$1 on Monday, 13th
February 2023, a 0.11% appreciation from N461.5/$1 recorded on Friday, 10th
February 2023.
* The opening indicative rate closed at N461.35/$1 on Monday, 13th February
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461/1, while it traded for as low as
N446/$1 during intra-day trading.
* A sum of $208.91 million in FX value was transacted at the I&E window on
Monday, which is 251.7% higher than the $59.40 million that exchanged hands
in the previous session.
--------------------------------------------------------------------------------
NAIRA DEPRECIATES AT THE BLACK MARKET TO N756/$1 ON 13TH FEBRUARY 2023
The exchange rate between the naira and the US dollar at the black market
weakened on Monday, 13th February 2023, trading at an average of N756/$1,
compared to N755/$1 recorded over the weekend.
This is according to information from black market FX operators who spoke to
Nairametrics.
Similarly, the naira at the cryptocurrency P2P exchange depreciated marginally
by 0.09% against the US dollar on Monday, 13th February 2023, trading at
a minimum of N749.48/$1, compared to N748.8/$1 recorded last week Friday.
Also, the exchange rate at the investors and exporters (I&E) window depreciated
by 0.09% to close at N461.5/$1 on Friday, 10th February 2023 from N461.1/$1
recorded on Thursday, 9th February 2023.
On the other hand, forex turnover at the official market increased by 47.61% to
$59.40 million on Friday, 10th February 2023, compared to the $40.24 million
that was transacted in the previous session.
Nigeria’s external reserves stood at $36.82 billion as of Thursday, 9th February
2023, slightly lower than the previous day, representing the fifth consecutive
day of decline.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Friday, 10th
February 2023, a 0.09% depreciation from N461.1/$1 recorded on Thursday,
9th February 2023.
* The opening indicative rate closed at N461.5/$1 on Friday, 10th February
2023.
* Furthermore, an exchange rate of N462.05/$1 was the highest rate recorded
during intra-day trading before it settled at N461.5/1, while it traded for
as low as N446/$1 during intra-day trading.
* A sum of $59.40 million in FX value was transacted at the I&E window on
Friday, which is 47.61% higher than the $40.24 million that exchanged
hands in the previous session.
--------------------------------------------------------------------------------
NAIRA REMAINS STABLE AT N740/$1 ON 10TH FEBRUARY 2023 AMIDST CASH SCARCITY
The exchange rate between the naira and the US dollar at the black market
remained flat on Friday, 10th February 2023, trading at an average of N740/$1,
which is the same rate recorded on Thursday, 9th February 2023.
The exchange rate has remained stable following the increased cash demand across
the country as black-market traders have lamented the lack of cash in the
market. This is according to information from black market FXoperators who spoke
to Nairametrics.
The local currency at the cryptocurrency P2P exchange depreciated on the other
hand against the US dollar by 0.18% on Friday, 10th February 2023, trading at a
minimum of N748.8/$1, as against N747.48/$1 recorded in the previous trading
session.
Meanwhile, the exchange rate at the investors and exporters (I&E) window
appreciated marginally to close at N461.1/$1 on Thursday, from N461.17/$1
recorded on Wednesday, 8th February 2023.
However, Forex turnover at the official market fell to its lowest since October
24th 2022 to $40.24 million, representing a 27.52% decline compared to $55.52
million that exchanged hands on Wednesday.
Nigeria’s external reserves fell for the fourth consecutive day, depreciating by
0.09% to stand at $36.82 billion as of Wednesday, 8th February 2023 from $36.86
billion recorded in the previous day.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.1/$1 on Thursday, 9th
February 2023, a 0.02% appreciation from N461.17/$1 recorded on Wednesday, 8th
February 2023.
* The opening indicative rate closed atN461.25/$1on Thursday, 9th February
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.1/1, while it traded for as low
as N439.96/$1 during intra-day trading.
* A sum of $ 40.24 million in FX value was transacted at the I&E window on
Thursday, which is27.52%lowerthanthe $55.52 million that was traded in the
previous session.
--------------------------------------------------------------------------------
NAIRA STRENGTHENS TO N740/$1 AT THE BLACK MARKET ON 9TH FEBRUARY 2023
Naira improved against the US dollar at the black market on Thursday, 9th
February 2023, trading at an average of N740/$1, a 1.33% gain compared to
N750/$1 recorded on Wednesday, 8th February 2023.
The appreciation of the local currency is on the increased demand of naira
across the country, following the CBN new naira design policy. This is according
to information from black market FX traders who spoke to Nairametrics.
On the flip side, the exchange rate at the cryptocurrency P2P exchange
depreciated marginally by 0.02% on Thursday, 9th February 2023, trading at
a minimum of N747.48/$1, as against N747.30/$1 recorded in the previous trading
session.
Meanwhile, the exchange rate at the investors and exporters (I&E) window
appreciated slightly to close at N461.17/$1 on Wednesday, from N462.15/$1
recorded on Tuesday, 7th February 2023.
However, Forex turnover at the official market decreased further by 25.56% on
Wednesday to $55.52 million, from $74.58 million that exchanged hands on
Tuesday. Nigeria’s external reserves fell for the third consecutive day, losing
0.11% to stand at $36.86 billion as of Tuesday, 7th February 2023 from $36.89
billion recorded in the previous day.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.17/$1 on Wednesday, 8th
February 2023, a 0.07% appreciation from N462.5/$1 recorded on Tuesday,
7th February 2023.
* The opening indicative rate closed at N461.5/$1 on Wednesday, 8th February
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.17/1, while it traded for as low
as N446/$1 during intra-day trading.
* A sum of $55.52 million in FX value was transacted at the I&E window on
Wednesday, which is 25.56% lower than the $74.58 million that was traded in
the previous session.
--------------------------------------------------------------------------------
BLACK MARKET EXCHANGE RATE DEPRECIATES TO TRADES AT N750/$1 ON 8TH FEBRUARY 2023
Naira depreciated against the US dollar at the black market on Wednesday, 8th
February 2023, trading at an average of N750/$1. This represents a
depreciation of 0.67% compared to N745/$1 recorded on Tuesday, 7th February
2023.
This is according to information from black market FX traders who spoke to
Nairametrics.
Likewise, the exchange rate at the cryptocurrency P2P exchange depreciated on
Wednesday, 8th February 2023, trading at a minimum of N747.30/$1, a 0.09%
fall against N746.6/$1 recorded in the previous trading session.
On the other side, the exchange rate at the investors and exporters (I&E) window
appreciated by 0.14% to close at N461.5/$1 on Tuesday, from N462.17/$1 recorded
on Monday, 6th February 2023.
However, Forex turnover at the official market reduced by 39.08% on Tuesday to
$74.58 million, from $122.43 million that exchanged hands on Monday. Nigeria’s
external reserves level decreased by 0.09% on Friday, 3rd February 2023 to stand
at $36.988 billion from $37.02 billion recorded in the previous day.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Tuesday,
7th February 2023, a 0.14% appreciation from N462.17/$1 recorded on Monday,
6th February 2023.
* The opening indicative rate closed at N461.5/$1 on Tuesday, 7th February
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/1, while it traded for as low
as N416/$1 during intra-day trading.
* A sum of $74.58 million in FX value was transacted at the I&E window on
Tuesday, which is 39.08% lower than the $122.43 million that was traded in
the previous session.
--------------------------------------------------------------------------------
BLACK MARKET EXCHANGE RATE TRADES AT N745/$1 ON 7TH FEBRUARY 2023
The exchange rate between the naira and the US dollar depreciated at the black
market on Tuesday, 7th February 2023, trading at an average of N745/$1, compared
to N744/$1 recorded on Monday, 6th February 2023.
This is according to information from black market FX traders who spoke to
Nairametrics.
Similarly, the exchange rate at the investors and exporters (I&E) window
depreciated by 0.15% to close at N462.17/$1 on Monday, from N461.5/$1 recorded
last week Friday.
Also, the exchange rate at the cryptocurrency P2P exchange weakened marginally
by 0.11% on Tuesday, 7th February 2023 to trade at a minimum of N746.6/$1, as
against N745.77/$1 recorded in the previous trading session.
However, Forex turnover at the official market increased by 2.51%% on Monday to
$122.43 million, from $119.43 million that exchanged hands on Friday. Nigeria’s
external reserves level decreased by 0.09% on Friday, 3rd February 2023 to stand
at $36.988 billion from $37.02 billion recorded in the previous day.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N462.17/$1 on Monday,
6th February 2023, a 0.15% depreciation from N461.5/$1 recorded on Friday, 3rd
February 2023.
* The opening indicative rate closed at N461.39/$1 on Monday, 6th February
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N462.17/1, while it traded for as low
as N446/$1 during intra-day trading.
* A sum of $122.43 million in FX value was transacted at the I&E window on
Monday, which is 2.51% higher than the $119.43 million that was traded in the
previous session.
--------------------------------------------------------------------------------
NAIRA GAINS AT BLACK MARKET, TRADES AT N744/$1 ON 6TH FEBRUARY 2023
The exchange rate between the naira and the US dollar improved at the black
market on Monday, 6th February 2023, to trade to an average of N744/$1,
representing a 0.53% appreciation compared to N748/$1 recorded on Friday, 3rd
February 2023.
This is according to information from black market FX traders who spoke to
Nairametrics.
On the other hand, the exchange rate at the cryptocurrency P2P exchange
depreciated marginally by 0.10% on Monday, 6th February 2023 to a minimum of
N745.77/$1, as against N745/$1 recorded in the previous trading session.
Meanwhile, the exchange rate at the investors and exporters (I&E) window
appreciated slightly to N461.5/$1, a gain of 0.11% from N462/$1 recorded on
Friday, 3rd February 2023. Forex turnover however increased by 0.07% on Friday
to $119.43 million, from $119.35 million that exchanged hands on Thursday.
Nigeria’s external reserves level increased further by 0.03% on Thursday, 2nd
February 2023 to stand at $37.02 billion from $37.01 billion recorded the
previous day.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Friday, 3rd
February 2023, a 0.11% appreciation from N462/$1 recorded on Thursday, 2nd
February 2023.
* The opening indicative rate closed at N461.4/$1 on Friday, 3rd February
2023.
* Furthermore, an exchange rate of N462.5/$1 was the highest rate recorded
during intra-day trading before it settled at N461.5/1, while it traded for
as low as N460/$1 during intra-day trading.
* A sum of $119.43 million in FX value was transacted at the I&E window on
Friday, which is 0.07% higher than the $119.43 million that was traded in the
previous session.
--------------------------------------------------------------------------------
The exchange rate between the naira and the US dollar weakened at the black
market on Friday, 3rd February 2023, to trade to an average of N748/$1,
representing a 0.4% depreciation compared to N745/$1 recorded on Thursday, 2nd
February 2023.
This is according to information from black market FX traders who spoke to
Nairametrics.
Also, the exchange rate at the investors and exporters (I&E) window depreciated
marginally to N462/$1 following a streak of stability for three consecutive days
at N461.5/$1. Forex turnover however increased by 13.27% on Thursday to $119.35
million, from $105.37 million that exchanged hands on Wednesday.
On the flip side, the exchange rate at the cryptocurrency P2P exchange
appreciated by 0.16% on Friday, 3rd February 2023 to a minimum of N745/$1, as
against N746.22/$1 recorded in the previous trading session.
Nigeria’s external reserves recorded its first gain after eleven consecutive
days of declines, The reserve level increased by 0.04% on Wednesday, 1st
February 2023 to stand at $37.01 billion from $36.99 billion recorded in the
previous day.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N462/$1 on Thursday,
2nd February 2023, a 0.11% depreciation from N461.5/$1 recorded on Wednesday,
1st February 2023.
* The opening indicative rate closed at N461.1/$1 on Thursday,
2nd February 2023.
* Furthermore, an exchange rate of N462.55/$1 was the highest rate recorded
during intra-day trading before it settled at N462/1, while it traded for as
low as N423/$1 during intra-day trading.
* A sum of $119.35 million in FX value was transacted at the I&E window on
Thursday, which is 13.27% higher than the $105.37 million that was traded in
the previous session.
--------------------------------------------------------------------------------
NAIRA REMAINS STABLE AT N745/$1 AT THE BLACK MARKET ON 2ND FEBRUARY 2023
The exchange rate between the naira and the US dollar traded for an average of
N745/$1 on Thursday, 2nd February 2023, the same rate as recorded on Wednesday,
1st February 2023.
This is according to information from black market FX traders who spoke to
Nairametrics.
On the other hand, the exchange rate at the cryptocurrency P2P exchange
depreciated on Thursday, 2nd February 2023 to a minimum of N746.22/$1, from
N755.5/$1 recorded in the previous trading session.
Also, the exchange rate at the investors and exporters (I&E) window maintained
the same rate for the third consecutive trading session on Wednesday, closing at
N461.5 to a dollar.
Forex turnover however increased by 23.91% on Wednesday to $105.37 million, from
$85.04 million that exchanged hands on Tuesday. Nigeria’s external reserves fell
for the eleventh straight day to stand at $36.99 billion as of 31st January
2023, representing a decline of 0.03% from the $37.01 billion recorded as of
30th January 2023.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Wednesday, 1st
February 2023, same rate recorded on Tuesday, 31st January 2023.
* The opening indicative rate closed at N461.5/$1 on Wednesday, 1st
February 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/1, while it traded for as low
as N446/$1 during intra-day trading.
* A sum of $105.37 million in FX value was transacted at the I&E window on
Wednesday, which is 43.49% higher than the $85.04 million that was traded in
the previous session.
--------------------------------------------------------------------------------
BLACK MARKET EXCHANGE RATE APPRECIATES TO N745/$1 ON 1ST FEBRUARY 2023
The exchange rate between the naira and the US dollar traded for an average of
N745/$1 on Wednesday, 1st February 2023, representing a 0.80% appreciation when
compared to N751/$1 recorded in the previous trading session.
This is according to information from black market FX traders who spoke to
Nairametrics.
Similarly, the exchange rate at the cryptocurrency P2P exchange appreciated on
Wednesday, 1st February 2023 to a minimum of N745.5/$1, from N752/$1 recorded on
Tuesday’s trading session.
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N461.5/$1 on Tuesday, 31st January 2023, the same rate as recorded in the
previous trading session.
Forex turnover however decreased by 43.49% on Tuesday to $85.04 million, from
$150.49 million that exchanged hands on Monday. Nigeria’s external reserves fell
for the tenth straight day to stand at $37.01 billion as of 30th January 2023,
representing a decline of 0.09% from the $37.04 billion recorded as of 27th
January 2023.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Tuesday, 31st
January 2023, the same rate was recorded on Monday, 30th January 2023.
* The opening indicative rate closed at N461.5/$1 on Tuesday, 31st January
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/1, while it traded for as low
as N446/$1 during intra-day trading.
* A sum of $85.04 million in FX value was transacted at the I&E window on
Tuesday, which is 43.49% lower than the $150.49 million that was traded in
the previous session.
--------------------------------------------------------------------------------
BLACK MARKET EXCHANGE RATE MODERATES TO N751/$1 ON 31ST JANUARY 2023
The exchange rate between the naira and the US dollar moderated slightly to an
average of N751/$1 on Tuesday, 31st January 2022, compared to N752/$1 recorded
in the previous trading session.
This is according to information from black market FX traders who spoke to
Nairametrics.
Also, the exchange rate at the cryptocurrency P2P exchange improved marginally
to trade at a minimum of N752/$1, on Tuesday morning from N752.4/$1 recorded on
Monday’s trading session.
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N461.5/$1 on Monday, 30th January 2023, representing a 0.05% appreciation
compared to N461.75/$1 recorded in the previous trading session.
Forex turnover however increased by 54.08% on Monday to $150.49 million, from
$97.67 million that exchanged hands last week Friday. Nigeria’s external
reserves fell for the ninth straight day to stand at $37.04 billion as of 27th
January 2023, representing a decline of 0.08% from the $37.07 billion recorded
as of 26th January 2023.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Monday, 30th
January 2023, a 0.05% appreciation from N461.75/$1 recorded on Friday, 27th
January 2023.
* The opening indicative rate closed at N461.5/$1 on Monday, 30th January
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/1, while it traded for as low
as N446/$1 during intra-day trading.
* A sum of $150.49 million in FX value was transacted at the I&E window on
Monday, which is 54.1% higher than the $97.67 million that was traded in the
previous session.
--------------------------------------------------------------------------------
NAIRA FALLS SHARPLY AT THE BLACK MARKET TO N752/$1 ON 30TH JANUARY 2023
The exchange rate between naira and the US dollar fell sharply to N752/$1 on
Monday, 30th January 2022, representing a 0.94% depreciation compared to N745/$1
recorded last week Friday.
This is according to information from black market FX traders who spoke to
Nairametrics.
Similarly, the exchange rate at the cryptocurrency P2P exchange depreciated on
Monday morning to trade at a minimum of N752.4/$1, a 0.83% downturn compared to
N746.2/$1 recorded as of the same time last week Friday, 27th January 2023.
In the same vein, the exchange rate at the investors and exporters (I&E) window
closed at N461.75/$1 on Friday, 27th January 2023, representing a 0.11%
depreciation compared to N461.25/$1 recorded in the previous trading session.
Forex turnover however surged by 116.3% on Friday to $97.67 million, from $45.16
million that exchanged hands in the previous session. Nigeria’s external
reserves stood at $37.07 billion as of 26th January 2023, representing a decline
of 0.07% from the $37.09 billion recorded as of 25th January 2023, representing
the eighth consecutive day of decline.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.75/$1 on Friday, 27th
January 2023, a 0.11% depreciation from N461.25/$1 recorded on Thursday, 26th
January 2023.
* The opening indicative rate closed at N461.25/$1 on Friday, 27th January
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.75/1, while it traded for as low
as N446/$1 during intra-day trading.
* A sum of $97.67 million in FX value was transacted at the I&E window on
Friday, which is 116.28% higher than the $45.16 million that was traded in
the previous session.
--------------------------------------------------------------------------------
NAIRA APPRECIATES TO N745/$1 AT THE BLACK MARKET ON 27TH JANUARY 2023
Naira strengthened against the US dollar at the black market on Friday, 27th
January 2023 to trade at an average of N745/$1 compared to N751/$1 recorded in
the previous trading session.
This is according to information from FX black market traders who spoke to
Nairametrics.
Similarly, the exchange rate at the cryptocurrency P2P exchange appreciated on
Friday morning to trade at a minimum of N746.2/$1, a 0.52% appreciation compared
to N750.09/$1 recorded as of the same time in the previous trading session.
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N461.25/$1 on Thursday, 26th January 2023, representing a 0.10% improvement
compared to N461.7/$1 recorded in the previous trading session.
Forex turnover however decreased by 58.88% on Thursday to $45.16 million,
compared to the $109.82 million that exchanged hands in the previous session.
Nigeria’s external reserves stood at $37.09 billion as of 26th January 2023,
representing a decline of 0.07% from the $37.12 billion recorded as of 25th
January 2023, a consistent decline for the past 7 days.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.25/$1 on Thursday, 26th
January 2023, a 0.10% appreciation from N461.7/$1 recorded on Wednesday, 25th
January 2023.
* The opening indicative rate closed at N461.3/$1 on Thursday, 26th January
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.25/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $45.16 million in FX value was transacted at the I&E window on
Thursday, which is 58.88% lower than the $109.82 million that was traded in
the previous session.
--------------------------------------------------------------------------------
BLACK MARKET EXCHANGE RATE DEPRECIATES SLIGHTLY TO N751/$1 ON 26TH JANUARY 2023
The exchange rate between the naira and the US dollar depreciated slightly by
0.13% on Thursday, 26th January 2023 to trade at an average of N751/$1 compared
to N750/$1 recorded in the previous trading session.
This is according to information from FX black market traders who spoke to
Nairametrics.
In the same vein, the exchange rate at the cryptocurrency P2P exchange
depreciated on Thursday morning to trade at a minimum of N750.09/$1, a 0.17%
depreciation compared to N748.79/$1 recorded as of the same time in the previous
trading session.
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N461.7/$1 on Wednesday, 25th January 2023, representing a 0.06% improvement
compared to N462/$1 recorded in the previous trading session.
Forex turnover however decreased marginally by 1.98% on Wednesday to $109.82
million, compared to the $112.04 million that exchanged hands in the previous
session. Nigeria’s external reserves stood at $37.12 billion as of 24th January
2023, representing a decline of 0.07% from the $37.15 billion recorded as of
24th January 2023.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.7/$1 on Wednesday, 25th
January 2023, a 0.06^appreciation from N462/$1 recorded on Tuesday, 24th January
2023.
* The opening indicative rate closed at N461.7/$1 on Wednesday, 25th January
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.7/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $109.82 million in FX value was transacted at the I&E window on
Wednesday, which is 1.98% lower than the $112.04 million that was traded in
the previous session.
--------------------------------------------------------------------------------
NAIRA APPRECIATES TO N750/$1 AT THE BLACK MARKET ON 25TH JANUARY 2023
Naira improved against the US dollar at the black market on Wednesday morning,
25th January 2023, to trade at an average of N750/$1, representing a 0.40%
appreciation in contrast to an average of N753/$1 recorded on Tuesday morning.
This is according to information from FX black market traders who spoke to
Nairametrics.
On the flip side, the exchange rate at the cryptocurrency P2P exchange
depreciated on Wednesday morning to trade at a minimum of N748.79/$1, a 0.24%
depreciation compared to N747/$1 recorded as of the same time in the previous
trading session.
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N462/$1 on Tuesday, 24th January 2023, representing a slight drop of 0.08%
from N461.63/$1 recorded in the previous trading session.
Forex turnover however decreased by 15.61% on Tuesday to $112.04 million,
compared to the $132.77 million that exchanged hands in the previous session.
Nigeria’s external reserves stood at $37.15 billion as of 23rd January 2023,
representing a decline of 0.12% from the $37.19 billion recorded as of 20th
January 2023.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N462/$1 on Tuesday, 24th
January 2023.
* The opening indicative rate closed at N461.2/$1 on Tuesday, 24th January
2023.
* Furthermore, an exchange rate of N463/$1 was the highest rate recorded during
intra-day trading before it settled at N462/1, while it traded for as low as
N440/$1 during intra-day trading.
* A sum of $112.04 million in FX value was transacted at the I&E window on
Tuesday, which is 15.61% lower than the $132.77 million that was traded in
the previous session.
--------------------------------------------------------------------------------
NAIRA DEPRECIATES TO N753/$1 AT THE BLACK MARKET ON 24TH JANUARY 2023
Naira weakened against the US dollar at the black market on Tuesday morning,
24th January 2023, having depreciated by 1.07% to trade at an average of N753/$1
compared to an average of N745/$1 recorded on Monday.
This is according to information from FX black market traders who spoke to
Nairametrics.
Also, the exchange rate at the cryptocurrency P2P exchange depreciated on
Tuesday morning to trade at a minimum of N747/$1, a 0.27% downtrend compared to
N745/$1 recorded as of the same time on Monday.
In the same vein, the exchange rate at the investors and exporters (I&E) window
closed at N461.63/$1 on Monday, 23rd January 2023, representing a 0.03% dip from
N461.5/$1 recorded in the previous trading session.
Forex turnover however rallied by 37.14% on Monday to $132.77 million, in
contrast to the $96.81 million that exchanged hands in the previous session.
Nigeria’s external reserves stood at $37.19 billion as of 20th January 2023,
representing a decrease of 0.03% from the $37.20 billion recorded as of 19th
January 2023.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.63/$1 on Monday, 23rd
January 2023.
* The opening indicative rate closed at N460.75/$1 on the day under review.
* Furthermore, an exchange rate of N463/$1 was the highest rate recorded during
intra-day trading before it settled at N461.63/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $132.77 million in FX value was transacted at the I&E window on
Monday, which is 37.14% higher than the $96.81 million that was traded in the
previous session.
--------------------------------------------------------------------------------
NAIRA APPRECIATES TO N745/$1 AT THE BLACK MARKET ON 23RD JANUARY 2023
The exchange rate between the naira and the US dollar at the black market
appreciated further by 0.13% on Monday morning, 23rd January 2023, trading at an
average of N745/$1 compared to N746/$1 recorded last week Friday.
This is according to information from FX black market traders who spoke to
Nairametrics.
On the other hand, the exchange rate at the cryptocurrency P2P exchange
depreciated on Monday morning to trade at a minimum of N745/$1, a 0.15% downturn
compared to N743.9$1 recorded as of the same time last week Friday..
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N461.5/$1 on Friday, 20th January 2023, the same as recorded in the previous
trading session.
Forex turnover dipped by 55.6% on Friday to $96.81 million, compared to the
$217.86 million that was transacted in the previous session. Nigeria’s external
reserves stood at $37.201 billion as of 19th January 2023, representing a
decrease of 0.01% from the $37.205 billion recorded on of 18th January 2023.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Friday, 20th
January 2023.
* The opening indicative rate closed at N461/$1 on Friday, 20th January 2023,
representing a slight uptick compared to N461.1/$1 recorded in the previous
session.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $96.81 million in FX value exchanged hands at the I&E window on
Friday, which is 55.6% lower than the $217.86 million that was traded in the
previous session.
--------------------------------------------------------------------------------
BLACK MARKET EXCHANGE RATE MODERATES TO N746/$1 ON 20TH JANUARY 2023
The exchange rate between the naira and the US dollar at the black market
appreciated slightly by 0.27% on Friday, 20th January 2023, trading at an
average of N746/$1 compared to N748/$1 recorded on the previous day.
This is according to information from FX black market traders who spoke to
Nairametrics.
In the same vein, the exchange rate at the cryptocurrency P2P exchange improved
on Friday morning to trade at a minimum of N743.9/$1, a 0.35%
appreciation compared to N746.48/$1 recorded as of the same time on Thursday.
On the other hand, the exchange rate at the investors and exporters (I&E) window
closed at N461.5/$1 on Thursday, 19th January 2023, recording a slight
depreciation compared to N461.25/$1 that it closed at the end of the previous
trading session.
Forex turnover increased by 292.3% on Thursday to $217.86 million, its highest
daily volume since 21st December 2022. Meanwhile, Nigeria’s external reserves
stood at $37.205 billion as of 18th January 2023, representing a decrease of
0.01% from the $37.208 billion recorded on 17th January 2023.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Thursday, 19th
January 2023, a 0.05% depreciation from N461.25/$1 recorded in the previous
trading session.
* The opening indicative rate closed at N461.1/$1 on Thursday, 19th January
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $217.86 million in FX value exchanged hands at the I&E window on
Thursday, which is 292.3%
* higher than the $55.54 million that was traded in the previous session.
--------------------------------------------------------------------------------
BLACK MARKET EXCHANGE RATE DEPRECIATES TO N748/$1 ON 19TH JANUARY 2023
The exchange rate between the naira and the US dollar at the black market
depreciated by 0.27% to trade an average of N748/$1 on Thursday 19th January
2023, compared to N746/$1 recorded on the previous day.
This is according to information from FX black market traders who spoke to
Nairametrics.
On the other hand, the exchange rate at the cryptocurrency P2P exchange
improved marginally on Thursday morning to trade at a minimum of N746.48/$1, an
0.02% appreciation compared to N746.6/$1 recorded as of the same time on
Wednesday.
Similarly, the exchange rate at the investors and exporters (I&E) window closed
at N461.25/$1 on Wednesday, 18th January 2023, recording a slight
improvement compared to N461.5/$1 that it closed at the end of the previous
trading session.
A sum of $55.54 million exchanged hands on Wednesday, which is marginally higher
than the $55.52 million that was traded on Tuesday, 17th January 2023.
Meanwhile, Nigeria’s external reserves stood at $37.208 billion as of 17th
January 2023, representing a decrease of 0.006% from the $37.210 billion
recorded on 16th January 2023.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.25/$1 on Wednesday, 18th
January 2023, an 0.05% appreciation from N461.5/$1 recorded in the previous
trading session.
* The opening indicative rate closed at N461/$1 on Wednesday, 18th January
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.25/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $55.54 million in FX value exchanged hands at the I&E window on
Wednesday, which is 0.04% higher than the $55.52 million that was traded in
the previous session.
--------------------------------------------------------------------------------
NAIRA STRENGTHENS TO N746/$1 AT THE BLACK MARKET ON 18TH JANUARY 2023
The exchange rate between the naira and the US dollar on the black market
appreciated on Wednesday 18th January 2023, trading at an average of N746/$1.
This represents a marginal improvement of 0.13% compared to N747/$1 recorded in
the trading session.
This is according to information from black market traders who spoke to
Nairametrics.
Likewise, the exchange rate at the cryptocurrency P2P exchange appreciated
marginally by 0.15% on Wednesday morning to trade at a minimum of N746.6/$1,
compared to N747.7/$1 recorded as of the same time on Tuesday.
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N461.5/$1 on Tuesday, 16th January 2023, maintaining the same rate it
recorded in the previous trading session.
A sum of $55.52 million exchanged hands on Tuesday, as forex turnover declined
by 72.04% compared to $198.6 million that was traded on Monday, 16th January
2023.
Nigeria’s external reserves, however, stood at $37.21 billion as of 16th January
2023, representing an increase of 0.013% from the $37.206 billion recorded on
13th December 2022.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Tuesday, 17th
January 2023, the same as the rate recorded in the previous trading session.
* The opening indicative rate closed at N460.9/$1 on Tuesday, 17th January
2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $55.52 million in FX value exchanged hands at the I&E window on
Tuesday, which is 72.04% lower than the $198.6 million that was traded in the
previous session.
--------------------------------------------------------------------------------
NAIRA FALLS TO N747/$1 AT THE BLACK MARKET ON 17TH JANUARY 2023
The exchange rate between the naira and the US dollar at the black market
depreciated on Tuesday 17th January 2023, trading at an average of N747/$1. This
represents a 1.63% fall compared to N735/$1 maintained in the last three trading
sessions.
This is according to information from black market traders who spoke to
Nairametrics. The downturn in the black market was attributed to increased
demand for FX as a result of the coming Chinese New Year holiday.
China, which is set to go on holiday between the 21st and 27th of January will
close trading activities during the period, hence prompting Nigerian traders to
preorder goods ahead of the holiday.
Similarly, the exchange rate at the cryptocurrency P2P exchange depreciated by
0.50% on Tuesday morning to trade at a minimum of N747.7/$1, compared to
N743.95/$1 recorded as of the same time on Monday.
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N461.5/$1 on Monday, 16th January 2023, a 0.09% improvement from N461.9/$1
recorded in the previous trading session.
Forex turnover surged by 175.2% on Monday as a sum of $198.6 million exchanged
hands in contrast to $72.18 million that was traded on Friday, 13th January
2023.
Nigeria’s external reserves however, stood at $37.206 billion as of 13th January
2023, representing a marginal decrease of 0.002% from the $37.206 billion
recorded as 12th December 2022, a reversal from the seventh consecutive increase
it had recorded.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Monday, 16th
January 2023, compared to N461.9/$1 recorded in the previous trading session.
* The opening indicative rate closed at N461/$1 on Monday, 16th January 2023.
* Furthermore, an exchange rate of N465.5/$1 was the highest rate recorded
during intra-day trading before it settled at N461.5/1, while it traded for
as low as N440/$1 during intra-day trading.
* A sum of $198.6 million in FX value exchanged hands at the I&E window on
Monday, which is 175.15% higher than the $72.18 million that was traded in
the previous session.
--------------------------------------------------------------------------------
NAIRA MAINTAINS RATE AGAINST USD AT N735/$1 ON 16TH JANUARY 2023
The exchange rate between the naira and the US dollar at the black market
remained flat on Monday 16th January 2023, trading at an average of N735/$1. The
same was recorded in the last three trading sessions.
This is according to information from black market traders who spoke to
Nairametrics.
Also, the exchange rate at the cryptocurrency P2P exchange appreciated by 0.43%
on Monday morning to trade at a minimum of N743.95/$1, compared to N747.18/$1
recorded as of the same time last week Friday.
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N461.9/$1 on Friday, 13th January 2023, a 0.16% depreciation from N461.17/$1
recorded in the previous trading session.
Trading activities at the official market declined further by 18.85% on Friday
13th January 2023. Specifically, a total of $72.18 million was traded on Friday,
against the $88.95 million that exchanged hands in the previous day.
Nigeria’s external reserves however, stood at $37.205 billion as of 12th January
2023, representing a marginal increase from the $37.205 billion recorded as of
11th December 2022, indicating a seventh straight increase in the nation’s
reserve level.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.9/$1 on Friday, 13th
January 2023, from N461.17/$1 recorded in the previous trading session.
* The opening indicative rate closed at N461.2/$1 on Friday, 13th January 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.9/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $72.18 million in FX value exchanged hands at the I&E window on
Friday, which is 18.85% lower than the $88.95 million that was traded in the
previous session.
--------------------------------------------------------------------------------
NAIRA TRADES FLAT AT N735/$1 AT THE BLACK MARKET ON 13TH JANUARY 2023
The exchange rate between the naira and the US dollar at the black
market remained flat on Friday, 13th January 2023, trading at an average of
N735/$1. The same as recorded in the previous trading session.
This is according to information from black market traders who spoke to
Nairametrics.
On the other hand, the exchange rate at the cryptocurrency P2P exchange
depreciated by 0.02% on Friday morning to trade at a minimum of
N747.18/$1, compared to N747/$1 recorded as of the same time on Thursday.
Meanwhile, the exchange rate at the investors and exporters (I&E) window closed
at N461.17/$1 on Thursday, 12th January 2023, a 0.16% appreciation from
N461.9/$1 recorded in the previous trading session.
Trading activities at the official market declined by 41.19% on Thursday 12th
January 2023. Specifically, a total of $88.95 million was traded on Thursday,
against the $151.26 million that exchanged hands in the previous day.
Nigeria’s external reserves however, stood at $37.21 billion as of 11th January
2023, representing a 0.01% increase from the $37.2 billion recorded as
10th December 2022, indicating a sixth successive increase in the nation’s
reserve level.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.17/$1 on Thursday,
12th January 2023, from N461.9/$1 recorded in the previous trading session.
* The opening indicative rate closed at N461/$1 on Thursday,
12th January 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.17/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $88.95 million in FX value exchanged hands at the I&E window on
Thursday, which is 41.19% lower than the $151.26 million that was traded in
the previous session.
--------------------------------------------------------------------------------
BLACK MARKET EXCHANGE RATE APPRECIATES FURTHER TO N735/$1 ON 12TH JANUARY 2023
The exchange rate between the naira and the US dollar at the black
market appreciated on Thursday, 12th January 2023 to trade at an average of
N735/$1. Representing an uptrend of 0.41% compared to N738/$1 recorded on
Wednesday.
This is according to information from black market traders who spoke to
Nairametrics.
Also, the exchange rate at the cryptocurrency P2P exchange appreciated by 0.11%
on Thursday morning to trade at a minimum of N747/$1 from N747.85/$1 recorded as
of the same time on Wednesday.
On the other hand, the exchange rate at the investors and exporters (I&E) window
closed at N461.9/$1 on Wednesday, 11th January 2023, compared to N461.5/$1
recorded in the previous trading session.
The official exchange rate depreciated by 0.1% despite a 28.5% increase in
trading activities at the exchange. Notably, a total of $151.26 million was
traded on Wednesday, against the $117.63 million that exchanged hands in the
previous day.
Nigeria’s external reserves however, stood at $37.2 billion as of 10th January
2023, representing a 0.02% increase from the $37.19 billion recorded as
9th December 2022, indicating a fifth successive increase in the nation’s
reserve level.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.9/$1 on Wednesday,
11th January 2023, from N461.5/$1 recorded in the previous trading session.
* The opening indicative rate closed at N460.25/$1 on Wednesday,
11th January 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.9/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $151.26 million in FX value exchanged hands at the I&E window on
Wednesday, which is 28.59% higher than the $117.63 million that was traded in
the previous session.
--------------------------------------------------------------------------------
THE BLACK MARKET EXCHANGE RATE APPRECIATES TO N738/$1 ON 11TH JANUARY 2023
The exchange rate between the naira and the US dollar at the black market
appreciated on Wednesday, 11th January 2023 to trade at an average of N745/$1.
This represents an uptrend of 0.94% compared to N745/$1 recorded on Tuesday.
This is according to information from black market traders who spoke to
Nairametrics.
Also, the exchange rate at the investors and exporters (I&E) window recorded a
marginal growth on Tuesday, 10th January 2023 to close at N461.5/$1 from
N461.67/$1 recorded in the previous trading session.
The movement in the official exchange rate follows a 149.6% surge in forex
turnover on Tuesday. A total of $117.63 million in FX value was traded at the
window, compared to $47.13 million that exchanged hands on Monday.
On the other hand, the exchange rate at the cryptocurrency P2P exchange
depreciated by 0.3% on Wednesday morning to trade at a minimum of N747.85/$1
from N745.75/$1 recorded as of the same time on Tuesday.
Nigeria’s external reserves however, stood at $37.2 billion as of 9th January
2023, representing a 0.09% increase from the $37.16 billion recorded as
6th December 2022, indicating a fourth successive increase in the nation’s
reserve level.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Tuesday,
10th January 2023, from N461.67/$1 recorded in the previous trading session.
* The opening indicative rate closed at N460.25/$1 on Tuesday,
10th January 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $117.63 million in FX value exchanged hands at the I&E window on
Tuesday, which is 149.59% higher than the $47.13 million that was traded in
the previous session.
--------------------------------------------------------------------------------
NAIRA TRADES FLAT AT N745/$1 AT BLACK MARKET ON 10TH JANUARY 2023
The exchange rate between the naira and the US dollar at the black
market remained flat at N745/$1 on Tuesday morning, 10th January 2023. This is
the same rate recorded in the previous trading day.
This is according to information from black market traders who spoke to
Nairametrics. The exchange rate had depreciated by 1.92% yesterday from
N731/$1.
Likewise, the exchange rate at the investors and exporters (I&E) window closed
flat at N461.67/$1 on Monday, 9th January 2023. Meanwhile, forex turnover fell
by 40.38% to $47.13 million compared to $79.05 million that exchanged hands in
the previous trading session.
On the other hand, the exchange rate at the cryptocurrency P2P exchange
depreciated by 0.02% on Tuesday morning to trade at a minimum of N745.6/$1 from
N745.6/$1 recorded as of the same time on Monday.
Nigeria’s external reserves however, stood at $37.16 billion as of 6th January
2023, representing a 0.03% increase from the $37.11 billion recorded as
4th December 2022, indicating a third successive increase in the nation’s
reserve level.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.67/$1 on Monday,
9th January 2023, the same rate as recorded on Friday last week.
* The opening indicative rate closed at N459.33/$1 on Monday,
9th January 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.67/1, while it traded for as low
as N426/$1 during intra-day trading.
* A sum of $47.13 million in FX value exchanged hands at the I&E window on
Monday, which is 40.38% lower than the $79.05 million that was traded in the
previous session.
--------------------------------------------------------------------------------
NAIRA FALLS SHARPLY TO N745/$1 AT BLACK MARKET ON 9TH JANUARY 2023
The exchange rate between the naira and the US dollar depreciated on Monday, 9th
January 2023, to trade at an average of N745/$1 on the black market, following
two weeks of stability.
This is according to information from black market traders who spoke to
Nairametrics. Compared to the N731/$1 recorded last week Friday, naira
depreciated by 1.92%.
According to FX traders, the downturn was expected at the beginning of the year,
due to increased demands for foreign exchange in the country. The high demand
according to the trader is because of Nigerians who want to pay for school fees
abroad, purchase assets, and send funds to children abroad amongst others.
Also, the exchange rate at the cryptocurrency P2P exchange depreciated by 0.35%
on Monday morning to trade at a minimum of N745.6/$1.
Meanwhile, the exchange rate at the investors and exporters (I&E) window
weakened slightly to N461.67/$1 on Friday, 6th January 2023, a 0.04%
depreciation from the N461.5/$1 recorded on Thursday, 5th January 2023.
A total of $79.05 million was traded at the official market on Friday, a
marginal increase compared to $68.14 million that exchanged hands the previous
day. Nigeria’s external reserves, however, stood at $37.15 billion as of 5th
January 2023, representing a 0.12% increase from the $37.11 billion recorded as
4th December 2022.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.67/$1 on Friday,
6th January 2023, representing a 0.04% depreciation from N461.5/$1 recorded on
Thursday.
* The opening indicative rate closed at N459.5/$1 on Friday, 6th January 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.6751, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $79.05 million in FX value exchanged hands at the I&E window on
Friday, which is 16.01% higher than the $68.14 million that was traded in the
previous session.
--------------------------------------------------------------------------------
NAIRA DEPRECIATES MARGINALLY AT THE BLACK MARKET, AND TRADES AT N731/$1 ON 6TH
JANUARY 2023
Naira depreciated against the US dollar at the black market, on Friday,
6th January 2023, trading at an average of N731/$1, a 0.14% depreciation
compared to N730/$1 recorded in the previous trading day.
This is according to information from black market traders who spoke to
Nairametrics.
On the other hand, the exchange rate at the P2P cryptocurrency Exchange improved
on Friday morning, trading at a minimum of N743/$1, a 0.11% uptrend compared to
N743.79/$1 recorded in the previous day session.
Meanwhile, the exchange rate at the official investors and exporters (I&E)
window improved slightly to N461.50/$1 on Thursday, 5th January 2023, from the
N461.67/$1 recorded on Wednesday, 4th January 2023.
A total of $68.14 million was traded at the official market on Thursday, a
slight decline compared to $69.33 million that exchanged hands the previous day.
Nigeria’s external reserve in the same vein, stood at $37.07 billion as of 3rd
January 2023, a 0.04% reduction from the $37.08 billion recorded as 30th
December 2022.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Thursday,
5th January 2023, representing a 0.04% appreciation from N461.67/$1 recorded on
Wednesday.
* The opening indicative rate closed at N459.6/$1 on Thursday,
5th January 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/$1, while it traded for as low
as N440/$1 during intra-day trading.
* A sum of $68.14 million in FX value exchanged hands at the I&E window on
Thursday, which is 1.72% lower than the $69.33 million that was traded in the
previous session.
--------------------------------------------------------------------------------
NAIRA IMPROVES AT THE BLACK MARKET TO N730/$1 ON 5TH JANUARY 2023
The exchange rate between the naira and the US dollar appreciated on Thursday,
5th January 2023 trading at an average of N730/$1 at the black market, an
improvement of 0.82% from N736/$1 that was recorded in the last three trading
days.
This is according to information from black market traders who spoke to
Nairametrics.
Similarly, the exchange rate at the P2P cryptocurrency Exchange strengthened on
Thursday morning, trading at a minimum of N743.79/$1, a 0.69% appreciation
compared to N748.95/$1 recorded in the previous day session.
Meanwhile, the naira depreciated against the US dollar at the official investors
and exporters (I&E) window to close at N461.67/$1 on Wednesday, 4th January
2022, a 0.15% depreciation from the N461/$1 recorded on Tuesday.
A total of $69.33 million was traded at the official market on Wednesday, a
significant drop of 54.82% compared to the $153.45 million that exchanged hands
the previous day. Nigeria’s external reserve stood at $37.07 billion as of 3rd
January 2023, a decrease of 0.04% from the $36.08 billion recorded on 30th
December 2022.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.67/$1 on Wednesday,
4th January 2023, representing a 0.15% depreciation from N461/$1 recorded on
Tuesday.
* The opening indicative rate closed at N456.17/$1 on Wednesday,
4th January 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.67/$1, while it traded for as low
as N425/$1 during intra-day trading.
* A sum of $69.33 million in FX value exchanged hands at the I&E window on
Wednesday, which is 54.82% lower than the $153.45 million that was traded in
the previous session.
--------------------------------------------------------------------------------
BLACK MARKET EXCHANGE RATE TRADES AT N736/$1 ON 3RD JANUARY 2023
The exchange rate between the naira and the US dollar remained flat on
Wednesday, 4th January 2023 trading at an average of N736/$1 at the black market
for the third straight day.
This is according to information from black market traders who spoke to
Nairametrics.
On the other hand, the exchange rate at the P2P cryptocurrency Exchange
depreciated on Wednesday morning, trading at a minimum of N748.95/$1, a 0.96%
depreciation compared to N741.79/$1 recorded yesterday.
Meanwhile, the exchange rate at the official investors and exporters (I&E)
window started the year on a positive note with a 0.11% gain to close at N461/$1
from N461.5/$1 recorded as of the last session of 2021.
A total of $153.45 million was traded at the exchange on Tuesday, a decrease of
12.93% compared to the $176.24 million that exchanged hands the previous day.
Nigeria’s external reserve stood at $37.08 billion as of 30th December 2022, a
decrease of 0.02% from the $36.09 billion recorded as of the previous day.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461/$1 on Tuesday,
3rd January 2023, representing a 0.11% appreciation from N461.5/$1 recorded last
week Friday.
* The opening indicative rate closed at N459.25/$1 on Tuesday,
3rd January 2023.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461/$1, while it traded for as low as
N440/$1 during intra-day trading.
* A sum of $153.45 million in FX value exchanged hands at the I&E window on
Tuesday, which is 12.93% lower than the $176.24 million that was traded in
the previous session.
--------------------------------------------------------------------------------
BLACK EXCHANGE RATE REMAINS STABLE AT N736/$1 ON 3RD JANUARY 2023
The exchange rate between the naira and the US dollar remained flat on Tuesday,
3rd January 2023 trading at an average of N736/$1 at the black market, the same
as recorded as of the close of trading activities last week Friday.
This is according to information from black market traders who spoke to
Nairametrics.
On the flip side, the exchange rate at the P2P cryptocurrency Exchange
depreciated on Tuesday morning, trading at a minimum of N741.79/$1, a 0.87%
depreciation compared to N735.42/$1 recorded on Friday, last week
Meanwhile, the exchange rate at the official investors and exporters (I&E)
window appreciated slightly on Friday, 30th December 2022 to close at N461.5/$1,
although it represents 5.7% downturn from 2022 year.
A total of $176.24 million was traded at the exchange on Friday, an increase of
23.95% compared to the $142.19 million that exchanged hands the previous day.
Nigeria’s external reserve stood at $37.09 billion as of 29th December 2022, an
increase of 0.04% from the $36.08 billion recorded as of the previous day.
TRADING AT THE OFFICIAL NAFEX WINDOW
The exchange rate at the official market closed at N461.5/$1 on Friday, 30th
December 2022, representing a 0.04% appreciation from N461.67/$1 recorded on
Thursday.
* The opening indicative rate closed at N451.5/$1 on Friday, 30th December
2022.
* Furthermore, an exchange rate of N462/$1 was the highest rate recorded during
intra-day trading before it settled at N461.5/$1, while it traded for as low
as N425/$1 during intra-day trading.
* A sum of $176.24 million in FX value exchanged hands at the I&E window on
Friday, which is 23.95% higher than the $142.19 million that was traded in
the previous session.
See 2022 exchange rates
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