Connect with us

Naira Watch

Naira continues poor run against dollar



Nigerian currency has continued its poor run against the US dollar dropping again in value to N452.67 against the dollar at the Investors and Exporters window.

The figure on Tuesday, 20th December 2022 represented a decrease of 0.26 percent, compared with N451.50 it exchanged for on Monday.

FMDQ securities reports that an exchange rate of N452 to the dollar was the highest rate recorded within the day’s trading before it settled at N452.67.

READ ALSO:World Bank warns CBN on impact of Naira redesign on small businesses

More so, a total of N134.04 million was traded at the official Investors and Exporters window on Tuesday.

At the black market on Tuesday, trading at an average of N745/$1, representing a 0.13% appreciation compared to N746/$1 recorded on Monday.

Likewise, the exchange rate between the naira and the US dollar at the P2P cryptocurrency market appreciated by 0.71% to trade at a minimum of N744.48/$1 on Tuesday morning, from N749.8/$1 recorded during the previous trading session.

Join the conversation


Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

thirteen − 10 =