Connect with us

Business

Naira Strengthens At Black Market Against The Dollar (See New Rate)

Published

on

naira
Kindly Share This

Naira Strengthens At Black Market Against The Dollar (See New Rate)

naira

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 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.

Read Also JUST IN: Chaos As Appeal Court Locks Out Staff (See Why)

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.

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.

Source: Nairametrics

Kindly Share This
Dear Reader, Fetching good and credible news information is tedious and requires huge finance. We are soliciting support from our readers and fans. For as low as N1,000  you can be a part of our golden membership. Your support would go a long way in assisting us to continue guaranteeing quality news to our readers across the globe. Bank transfers can be made to: Zenith Bank 1014932118 Ireporteronline communications Inquiries: Email: [email protected] Whatsapp: +234 7032341798 FOR BUSSINESS ADVERT CLICK THE WHATSAPP IMAGE BELOW
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Advertisement

Trending