News
  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

Nigerians exchange Naira to dollar at N624

Nigerian currency on Monday closed at the Peer-to-Peer (P2P) window of the foreign exchange (FX) market at N624/$1, IgbereTV reports

This represents a N1 or 0.16 per cent increase when compared with last Friday’s N618/$1.

While on the streets of Lagos, the black-market traders sold at N605/$1.

Also, at the Investors and Exporters (I&E) segment, which is the official market, the Naira recorded a 0.21 per cent or 88 kobo loss against the American Dollar as it was sold at N421/$1 in contrast to last Friday’s N420.12/$1.

 

However, the domestic currency weakened despite a $10.02 million or 6.1 per cent slide in the turnover for the trading day as forex worth $152.96 million exchanged hands compared with the $162.98 million recorded in the preceding session.

Naira however performed strongly in the interbank market, increasing in value by 20 kobo to the UK Pound Sterling to trade at N509.82/£1 versus the preceding session’s N510.02/£1.

But, against the Euro, it lost N1.89 to sell for N439.49/€1 compared with last session’s value of N437.60/€1

  • FaceBook
  • Twitter
  • Pin It
  • Linkedin
  • Buffer
  • WhatsApp

Comments are closed.

We've noticed you're using an AD blocker

Our content is brought to you Free of Charge because of our advertisers.

To continue enjoying our content, please turn off your ad blocker.

It's off now