Uncategories Naira Now Exchanging at N1,500/$ in Parallel Market

Tuesday, 30 January 2024



Naira Now Exchanging at N1,500/$ in Parallel Market

January 30, 2024

This was recorded amid the release of $500 million by the Central Bank of Nigeria (CBN).


 
At the parallel market, the Nigerian naira is currently exchanging N1506/$.
 
This is after it had previously sold at N1,410/$. 
 
However, at the official market, the Naira exchanged at N1,349 from the N891.90/$ it traded the previous day. The window also saw an intra-high of N1,410.
 
This was recorded amid the release of $500 million by the Central Bank of Nigeria (CBN) to various sectors to address the backlog of verified foreign exchange (forex) transactions.
  

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