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Naira trades against dollar

Naira strengthens Against Dollars at black market as exchange rate rises

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Naira trades against dollar

Naira strengthens Against Dollars at black market as exchange rate rises

by iDeemlawful
December 30, 2021
in Business News, Featured
A A
0

Naira appreciates at official market as dollar supply improves by 44%Naira has recorded significant gain at the parallel market on Thursday as it rose to N560/$1 in the early hours of Thursday, 30th December 2021.

This is according to information obtained by Nairametrics from Bureau De Change operators in Lagos State.

The exchange rate appreciated by 1.58% on Thursday to trade at N560/$1 at the parallel market compared to N569/$1 recorded the previous day. The rate at N560/$1 represented the lowest recorded since November 29th, 2021.

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On the other hand, exchange rate at the P2P market depreciated from N568.2/$1 recorded on Wednesday, 29th December 2021 to trade at N570.2 in the early hours of Thursday, 30th December 2021.

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Naira has witnessed consistent decline in the past week, dropping from N560.95/$1 recorded before the Christmas break to trade for as high as N571.4/$1 at the P2P market

Tags: DollarNaira
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