Naira has continued to appreciate on Monday, as it exchanges at ₦1,278.58 per US$ on Tuesday at the official market.
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During intra-day trading, the Nigerian currency exchanged at a low of ₦1,250.00 per US$ and a high of ₦1,312.00 per US$ at the Nigerian Autonomous Foreign Exchange Market (NAFEM).
It closed at ₦1,278.58 per US$, a 2.35% appreciation from the ₦1,309.39 per US$ it closed before the Easter break.
Business Day reported that the Naira steadied .at ₦1,280 on Tuesday morning at the parallel market, popularly called the black market. On the other hand, it exchange at ₦1,255 at the Bureau De Change (BDC) segment of the foreign exchange market.
Naira rates on X (formerly Twitter) quoted the naira exchanging at ₦1,293.24 to the US$ in the black market as at 11.00am on Thursday.
Tue 2 Apr, 2024 • 11:00 AM
💵 1 USD ⇛ ₦1,293.248
💷 1 GBP ⇛ ₦1,629.183
💶 1 EUR ⇛ ₦1,398.305
💶 1 CAD ⇛ ₦921.931
v1.1.5— ₦aira Rates (@naira_rates) April 2, 2024
Nnamdi Maduakor is a Writer, Investor and Entrepreneur
