Official and Parallel Market Rates Converge as Naira Closes at N756 to a Dollar on Tuesday

The official and parallel market rates have converged days after the Central Bank of Nigeria released a new foreign exchange policy aimed at unifying the exchange rate windows. The Naira closed at N756 to the dollar at the investors and exporters (I&E) window on Tuesday, June 20. The closing rate represents a 1.8 percent appreciation […] The post Official and Parallel Market Rates Converge as Naira Closes at N756 to a Dollar on Tuesday appeared first on Oriental Times.

  Economy   Nov 6, 2023   0   85  Add to Reading List
Official and Parallel Market Rates Converge as Naira Closes at N756 to a Dollar on Tuesday

INCREASE YOUR SALES WITH NGN1,000 TODAY!

Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

INCREASE YOUR SALES WITH NGN1,000 TODAY!

Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

INCREASE YOUR SALES WITH NGN1,000 TODAY!

Advertise on doacWeb

WhatsApp: 09031633831

To reach more people from NGN1,000 now!

Naira to Dollar in Black Market Today

The official and parallel market rates have converged days after the Central Bank of Nigeria released a new foreign exchange policy aimed at unifying the exchange rate windows.

The Naira closed at N756 to the dollar at the investors and exporters (I&E) window on Tuesday, June 20. The closing rate represents a 1.8 percent appreciation from the N770 recorded on Monday, June 19.

The Naira had traded at a record high of N791 before recovering to close at N663 hours after the CBN collapsed all FX windows into the I&E window last week.

The post Official and Parallel Market Rates Converge as Naira Closes at N756 to a Dollar on Tuesday appeared first on Oriental Times.

Click Here to Visit   

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow