Dollar To Naira Exchange Rate Rises In The I&E Market

Do you trade in Forex or cryptocurrency, or are you an investor trading in U.S. Dollar? Then this information will do you a whole lot of good.

As at the close of trade in the official investors and exporters (I&E) market of the FMDQ, the Dollar rose from ₦463.79k where it began trading to close at ₦465.13k.

In the course of today’s trading on the official (I&E) market, the Dollar rose as high as ₦466.89k against the Naira.

Meanwhile in the parallel market, also known as the black market, the Dollar maintained its ₦747 stance when selling. This was the same rate it traded on Wednesday.

Read Also: Cryptocurrency: Naira, Dollar Exchange Rate

Also, the Pound exchanges at ₦930 on the black market while the Euro exchanges on the black market for ₦800.

However, he Central Bank official exchange rate for Dollar to Naira remains at ₦461.2k, while Pounds ₦577.4, having a 13% change from what it traded yesterday.

Similarly, the Euro which today exchanges at ₦499 had a -49% change from the ₦501.5k it traded yesterday.

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