Black Market Dollar To Naira Today 15th December 2022

Black market exchange rate falls to N750/$1 on 8th December 2022

Trading at the official NAFEX window

• The opening indicative rate closed at N444.25/$1 on Wednesday, 7th December 2022.
• Furthermore, an exchange rate of N452/$1 was the highest rate recorded during intra-day trading before it settled at N445.83/$1, while it traded for as low as N426/$1 during intra-day trading.
• A sum of $127.78 million in FX value was traded at the Investors and Exporters, a 19.13% decrease compared to $180.29 million that exchanged hands in the previous session.

The exchange rate between the naira and the US dollar closed at an average of N738/$1 on Wednesday, 7th December 2022 at the black market, depreciating marginally by 0.41% from N735/$1 recorded in the past three trading sessions.

This is according to information from black market traders who spoke to Nairametrics.

Also, naira recorded a 0.36% depreciation against the US dollar at the P2P cryptocurrency exchange, trading at a minimum of N747/$1 on Wednesday, compared to N737/$1 recorded on Tuesday, 6th December 2022.

Similarly, the exchange rate at the official Investors and Exporters window recorded a slight depreciation of 0.11% to close at N445.8/$1 from N445.33/$1 recorded on Monday. On the other hand, forex turnover surged by 200.18% to $180.29 million on Tuesday from the $60.06 million exchanged hands on Monday.

Nigeria’s external reserve dipped further on Tuesday, 6th December 2022 to stand at $36.97 billion, representing a 0.08% decline compared to $36.99 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.8/$1 on Tuesday, 6th December 2022, representing a 0.11% depreciation compared to N445.33/$1 recorded in the previous trading session.

• The opening indicative rate closed at N444.2/$1 on Tuesday, 6th December 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.8/$1, while it traded for as low as N440/$1 during intra-day trading.
• A sum of $180.29 million in FX value was traded at the Investors and Exporters, a 200.18% increase compared to $60.06 million that exchanged hands in the previous session.

Black market exchange rate closes flat at N735/$1 on 6th December 2022

The exchange rate between the naira and the US dollar closed at an average of N735/$1 on Tuesday, 6th December 2022 at the black market, the same as recorded in the last two trading sessions.

This is according to information from black market traders who spoke to Nairametrics.

In the same vein, the exchange rate at the official Investors and Exporters window remained stable, closing at N445.33/$1 on Monday. However, forex turnover decreased by 62.23% to $60.06 million on Monday from the $159.02 million traded on 2nd December 2022.

Meanwhile, naira recorded a 0.27% depreciation against the US dollar at the P2P cryptocurrency exchange, trading at a minimum of N737/$1 on Tuesday, compared to N735/$1 recorded on Monday, 5th December 2022.

Nigeria’s external reserve dipped further on Monday, 2nd December 2022 to stand at $37.08 billion, representing a 0.08% decline compared to $37.10 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.33/$1 on Monday, 2nd December 2022, same as recorded on Friday last week.

• The opening indicative rate closed at N444.5/$1 on Monday, 2nd December 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.33/$1, while it traded for as low as N440/$1 during intra-day trading.
• A sum of $60.06 million in FX value was traded at the Investors and Exporters, a 62.23% increase compared to $159.02 million that exchanged hands in the previous session.

Black market exchange rate closes at N735/$1 on 5th December 2022

The exchange rate between the naira and the US dollar closed at an average of N735/$1 on Monday, 5th December 2022 at the black market, the same as recorded last week Friday

This is according to information from black market traders who spoke to Nairametrics.

Naira recorded a marginal gain at the P2P cryptocurrency exchange, trading at a minimum of N735/$1 on Monday afternoon, representing a 0.44% appreciation compared to N738.25/$1 recorded on Friday, 2nd December 2022.

Also, the exchange rate at the official Investors and Exporters window appreciated on Friday, closing at N445.33/$1 compared to N445.83/$1 recorded in the previous session. On the other hand, forex turnover surged by 59.8% to $159.02 million on the day under review.

Nigeria’s external reserve dipped further on Friday, 1st December 2022 to stand at $37.1 billion, representing a 0.02% decline compared to $37.11 billion recorded in the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.33$1 on Friday, 1st December 2022, a 0.11% improvement from N445.83/$1 recorded on Thursday

• The opening indicative rate closed at N444.75/$1 on Friday, 1st December 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.33/$1, while it traded for as low as N440/$1 during intra-day trading.
• A sum of $159.02 million in FX value was traded at the Investors and Exporters, a 59.8% increase compared to $99.5 million that exchanged hands in the previous session.

Naira gains to N735/$1 at the black market on 2nd December 2022

The exchange rate between the naira and the US dollar closed at an average of N735/$1 on Friday, 2nd December 2022 at the black market, representing a 0.68% gain compared to the previous day rate, and its strongest level in three weeks.

This is according to information from black market traders who spoke to Nairametrics.

Also, the value of the naira appreciated against the US dollar at the cryptocurrency peer-to-peer market, closing at a minimum of N738.25/$1 on Friday, representing a 0.64% gain from N743/$1 recorded on Thursday, 1st December 2022.

Meanwhile, the exchange rate at the official Investors and Exporters window appreciated marginally on Friday, closing at N445.33/$1 compared to N445.83/$1 recorded in the previous session. On the other hand, forex turnover surged by 59.8% to $159.02 million on the day under review.

Nigeria’s external reserve dipped further for the seventh consecutive day on Wednesday, 30th November 2022, declining by 0.013% to stand at $37.11 billion from $37.12 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.33$1 on Friday, 1st December 2022, a 0.11% improvement from N445.83/$1 recorded on Thursday

• The opening indicative rate closed at N444.75/$1 on Friday, 1st December 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.33/$1, while it traded for as low as N440/$1 during intra-day trading.
• A sum of $159.02 million in FX value was traded at the Investors and Exporters, a 59.8% increase compared to $99.5 million that exchanged hands in the previous session.

Naira strengthens to N740/$1 at the black market on 1st December 2022

The exchange rate between the naira and the US dollar closed at an average of N740/$1 on Thursday, 1st December 2022 at the black market, representing a 3.52% gain compared to the previous day rate, and its strongest level in three weeks.

This is according to information from black market traders who spoke to Nairametrics.

Also, the value of the naira appreciated against the US dollar at the cryptocurrency peer-to-peer market, closing at a minimum of N743/$1 on Thursday afternoon, representing a 1.8% gain from N757/$1 recorded on Wednesday, 30th November 2022.

Meanwhile, naira closed flat against the US dollar on Wednesday, 30th November 2022 at N445.3/$1 at the official Investors and Exporters window, the same as recorded in the previous session. A sum of $177.44 million was traded at the official market on Wednesday, which is 63.81% higher than the $108.32 million traded on Tuesday.

Nigeria’s external reserve dipped further for the fifth consecutive day on Monday, 28th November 2022, declining by 0.13% to stand at $37.12 billion from $37.17 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.3$1 on Wednesday, 30th November 2022, maintaining the same rate as the previous day.

• The opening indicative rate closed at N444.25/$1 on Wednesday, 30th November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.3/$1, while it traded for as low as N440/$1 during intra-day trading.
• A sum of $177.44 million in FX value was traded at the Investors and Exporters, a 63.81% increase compared to $108.32 million that exchanged hands in the previous session.

Black market exchange rate rises to N767/$1 on 30th November 2022

The exchange rate between the naira and the US dollar closed at an average of N767/$1 on Wednesday, 30th November 2022 at the black market, representing a 0.39% appreciation as against N770/$1 recorded on Tuesday.

This is according to information from black market traders who spoke to Nairametrics.

Also, the value of the naira appreciated against the US dollar on Wednesday at the cryptocurrency peer-to-peer market, closing at a minimum of N757/$1. This represents a 1.3% gain from N767/$1 that was recorded in the previous trading session.

On the other hand, naira depreciated against the US dollar on Tuesday, 29th November 2022 to close at N445.3/$1 at the I&E window, representing a 0.13% downturn from N444.7/$1 recorded in the previous trading session. A total of $108.32 million was traded at the official market on Tuesday, which is 44.47% higher than the $74.98 million traded on Monday.

Nigeria’s external reserve dipped further for the fifth consecutive day on Monday, 28th November 2022, declining by 0.13% to stand at $37.12 billion from $37.17 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.3$1 on Tuesday, 29th November 2022, representing a 0.13% depreciation compared to the closing rate of N444.7/$1 recorded in the previous trading session.

• The opening indicative rate closed at N444.17/$1 on Tuesday, 29th November 2022.
• Furthermore, an exchange rate of N447.39/$1 was the highest rate recorded during intra-day trading before it settled at N445.3/$1, while it traded for as low as N432/$1 during intra-day trading.
• A total of $108.32 million in FX value was traded at the Investors and Exporters, a 44.47% increase compared to $74.98 million that exchanged hands in the previous session.

Black market exchange rate appreciates to N770/$1 on 29th November 2022

The exchange rate between the naira and the US dollar closed at an average of N770/$1 on Tuesday, 29th November 2022 at the black market, representing a 0.39% appreciation as against N773/$1 recorded on Monday.

This is according to information from black market traders who spoke to Nairametrics. 

In the same vein, the value of the naira improved against the US dollar at the cryptocurrency peer-to-peer market, closing at a minimum of N767/$1, appreciating by 1.26% from N776.9/$1 that was recorded in the previous trading session. 

Also, naira appreciated against the US dollar on Monday, 28th November 2022 to close at N444.7/$1 at the I&E window, representing a 0.37% appreciation from N446.33/$1 recorded in the previous trading session. A total of $74.98 million was traded at the official market on Monday, which is 36.06% lower than the $117.26 million traded last week Friday. 

Nigeria’s external reserve dipped further for the fourth consecutive day on Friday last week, it declined by 0.02% to stand at $37.17 billion from $37.18 billion recorded as of the previous day. 

Trading at the official NAFEX window

The exchange rate at the official market closed at N444.7/$1 on Monday, 28th November 2022, representing a 0.37% appreciation compared to the closing rate of N446.33/$1 recorded in the previous trading session. 

• The opening indicative rate closed at N444.1/$1 on Monday, 28th November 2022.
• Furthermore, an exchange rate of N447.5/$1 was the highest rate recorded during intra-day trading before it settled at N444.7/$1, while it traded for as low as N440/$1 during intra-day trading.
• A total of $74.98 million in FX value was traded at the Investors and Exporters, a 36.06% reduction compared to $117.26 million that exchanged hands in the previous session.

Black market exchange rate appreciates to N773/$1 on 28th November 2022

The exchange rate between the naira and the US dollar closed at an average of N773/$1 on Monday, 28th November 2022 at the black market, representing a 0.64% appreciation as against N778/$1 recorded last week Friday. 

This is according to information from black market traders who spoke to Nairametrics. 

Also, the naira improved against the US dollar on Monday at the cryptocurrency peer-to-peer market, closing at a minimum of N776.8/$1. This is a 0.15% appreciation from N777.99/$1 that was recorded in the previous trading session. 

On the other hand, naira depreciated against the US dollar on Friday, 25th November 2022 to close at N446.33/$1 at the I&E window, which represents a 0.3% depreciation from N445/$1 recorded in the previous trading session. A total of $117.26 million was traded at the official market on Friday, which is 19.62% lower than the $145.89 million traded on Thursday. 

Nigeria’s external reserve dropped slightly by 0.01%, to stand at $37.181 billion as of 24th November 2022 in contrast to $37.186 billion recorded as of the previous day.  

Trading at the official NAFEX window

The exchange rate at the official market closed at N446.33/$1 on Friday, 25th November 2022, representing a 0.3% depreciation compared to the closing rate of N445/$1 recorded in the previous trading session. 

• The opening indicative rate closed at N444.2/$1 on Friday, 25th November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N446.33/$1, while it traded as low as N439.99/$1 during intra-day trading.

• A total of $117.26 million in FX value was traded at the Investors and Exporters, a 19.62% drop compared to $145.89 million that exchanged hands in the previous session

Black market exchange rate appreciates to N772/$1 on 24th November 2022

The exchange rate between the naira and the US dollar closed at an average of N772/$1 on Thursday, 24th November 2022 at the black market, representing a 0.39% gain from N775/$1 recorded in the last two trading sessions.

This is according to information from black market traders who spoke to Nairametrics.

In the same vein, naira strengthened against the US dollar on Thursday at the cryptocurrency peer-to-peer market, closing at a minimum of N777/$1, representing a 0.24% appreciation from N778.9/$1 that was recorded in the previous trading session.

On the other hand, naira closed weaker against the US dollar at N446/$1 at the I&E window on Wednesday, which represents a 0.11% depreciation from N445.5/$1 recorded on Tuesday. Meanwhile, FX turnover at the official market surged by 95.25% to $145.89 million on Wednesday from $74.72 million that exchanged hands in the previous day.

Nigeria’s external reserve dropped slightly by 0.003%, to stand at $37.192 billion as of 22nd November 2022 when compared to $37.193 billion recorded as of the previous day. Nigeria’s foreign reserve level had gained for four consecutive days, before resuming its downtrend on Tuesday.

Trading at the official NAFEX window

The exchange rate at the official market closed at N446/$1 on Wednesday, 23rd November 2022, representing a decline of 0.11% from N445.5/$1 recorded in the previous trading day.

• The opening indicative rate closed at N444.14/$1 on Wednesday, 23rd November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N446/$1, while it traded as low as N435/$1 during intra-day trading.
• A total of $145.89 million in FX value was traded at the Investors and Exporters window on Wednesday, which is 95.25% higher than the $74.72 million traded on Tuesday.

Black market exchange rate closes at N775/$1 on 23rd November 2022

The exchange rate between the naira and the US dollar closed flat at the black market on Wednesday, 23rd November 2022, trading at an average of N775/$1, the same as recorded in the previous trading session.

This is according to information from black market traders who spoke to Nairametrics.

Also, naira strengthened against the US dollar on Wednesday at the cryptocurrency peer-to-peer market, closing at N778.9/$1, representing a 0.68% appreciation from N784.2/$1 that was recorded in the previous trading session.

On the other hand, naira closed against the US dollar at N445.5/$1 at the I&E window on Tuesday, representing a 0.03% depreciation from N445.38/$1 recorded on Monday. Meanwhile, FX turnover at the official market reduced further by 10.59% to $74.72 million on Tuesday from $83.57 million that exchanged hands in the previous day.

Nigeria’s external reserve dropped slightly by 0.003%, to stand at $37.192 billion as of 22nd November 2022 when compared to $37.193 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.5/$1 on Tuesday, 22nd November 2022, representing a decline of 0.03% from N445.38/$1 recorded in the previous trading day.

• The opening indicative rate closed at N443.92/$1 on Tuesday, 22nd November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.5/$1, while it traded as low as N431/$1 during intra-day trading.
• A total of $74.72 million in FX value was traded at the Investors and Exporters window on Tuesday, which is 10.59% lower than the $83.57 million traded on Monday.

Black market exchange rate gains further to N775/$1 on 22nd November 2022

The exchange rate between the naira and the US dollar appreciated at the black market on Tuesday, 22nd November 2022 to close at N775/$1. The exchange appreciated by 0.64% when compared to N780/$1 in the previous day’s trading activities.

This is according to information from black market traders who spoke to Nairametrics.

In the same vein, the local currency strengthened against the US dollar on Tuesday at the cryptocurrency peer-to-peer market, closing at N784.2/$1, representing a 0.355% improvement against N786.99/$1 that was recorded in the previous trading session.

Also, the naira closed against the US dollar at N445.38/$1 at the I&E window on Monday, representing a 0.07% appreciation from N445.67/$1 recorded in the previous trading activities. Meanwhile, FX turnover at the official market reduced by 15.33% to $83.57 million on Monday, from $98.7 million that was traded on Friday.

Nigeria’s external reserve improved slightly by 0.003%, to stand at $37.193 billion as of 21st November 2022 in comparison to $37.192 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.38/$1 on Monday, 21st November 2022, representing a slight Improvement from N445.67/$1 recorded in the previous trading day.

• The opening indicative rate closed at N444.08/$1 on Monday, 21st November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.38/$1, while it traded as low as N440/$1 during intra-day trading.
• A total of $83.57 million in FX value was traded at the Investors and Exporters window on Monday, which is 15.33% lower than the $98.7 million traded on Friday.

Black market exchange rate closes flat at N780/$1 on 21st November 2022

The exchange rate between the naira and the US dollar remained stable at the black market on Monday, 21st November 2022 to close at N780/$1, the same rate recorded last week Friday.

This is according to information from black market traders who spoke to Nairametrics.

On the other hand, the naira depreciated against the US dollar on Monday at the cryptocurrency peer-to-peer market, closing at N786.99/$1, representing a depreciation of 0.896% when compared to N780/$1 that was recorded in the previous trading session.

Similarly, the naira closed against the US dollar at N445.67/$1 at the I&E window on Thursday, representing a 0.02% appreciation from N445.75/$1 recorded in the previous trading activities. Meanwhile, FX turnover at the official market declined by 18.4% to $98.7 million on Friday, from $121 million that was traded on Thursday.

Nigeria’s external reserve improved slightly by 0.003%, to stand at $37.192 billion as of 18th November 2022 when compared to $37.191 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.67/$1 on Friday, 18th November 2022, representing a slight increment of 0.02% from N445.75/$1 recorded in the previous trading day.

• The opening indicative rate closed at N444.42/$1 on Friday, 18th November 2022.
• Furthermore, an exchange rate of N447.5/$1 was the highest rate recorded during intra-day trading before it settled at N445.67/$1, while it traded as low as N439.99/$1 during intra-day trading.

A total of $98.7 million in FX value was traded at the Investors and Exporters window on Friday, which is 18.43% lower than the $121 million traded on Thursday

Exchange rate between naira and dollar appreciated at N780/$1 on 18th November 2022

The exchange rate between the naira and the US dollar appreciated by 1.27% to close at N780/$1 on Friday, 18th November 2022 from N790/$1 recorded on Thursday.

This is according to information from black market traders who spoke to Nairametrics.

Likewise, the naira grew stronger against the US dollar on Friday at the cryptocurrency peer-to-peer market, closing at N780/$1, representing an appreciation of 1.05% when compared to N788.28/$1 that was recorded in the previous trading session.

Similarly, the naira closed against the US dollar at N445.75/$1 at the I&E window on Thursday, which represents a 0.21% uptick from N446.67/$1 recorded in the previous trading activities. Meanwhile, FX turnover at the official market inclined by 40.03% to $121 million on Thursday, in contrast to $86.41 million that was traded on Wednesday.

Nigeria’s external reserve recorded a rare increase, gaining 0.03% to stand at $37.188 billion as of 16th November 2022 from $37.177 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.75/$1 on Thursday, 17th November 2022. This represents an improvement of 0.21% when compared to N446.67/$1 recorded in the previous trading day.

• The opening indicative rate closed at N444.4/$1 on Thursday, 17th November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.75/$1, while it traded as low as N439.96/$1 during intra-day trading.
• A total of $121 million in FX value was traded at the Investors and Exporters window on Thursday, which is 40.03% higher than the $86.41 million traded on Wednesday.

P2P market exchange rate appreciates to N790.9/$1 on 17th November 2022

The exchange rate between the naira and the US dollar improved on Thursday, 17th November 2022, at the cryptocurrency peer-to-peer market to close at N790.9/$1. This exchange recorded an appreciation of 0.64% from N796/$1 that it closed on Wednesday. 

The rate of exchange between the local currency and the US dollar remained unchanged at the black market, closing at N790/$1, which is the same rate recorded in the previous trading session. This is according to information from black market traders who spoke to Nairametrics.  

Similarly, the naira closed against the US dollar at N446.67/$1 at the I&E window on Wednesday, the same as the previous day. Meanwhile, FX turnover at the official market appreciated by 1.79% to $86.41 million on Wednesday, when compared to $84.89 million that was traded on Tuesday.  

Nigeria’s external reserve dropped by 0.01% to stand at $37.17 billion as of 15th November 2022 from $37.18 billion recorded as of the previous day. 

Trading at the official NAFEX window

The exchange rate at the official market closed at N446.67/$1 on Wednesday, 16th November 2022, which is the same as the rate recorded on the previous trading day. 

• The opening indicative rate closed at N443.88/$1 on Wednesday, 16th November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N446.67/$1, while it traded as low as N432/$1 during intra-day trading.
• A total of $86.41 million in FX value was traded at the Investors and Exporters window on Wednesday, which is 1.79% higher than the $84.89 million traded on Tuesday.

Black market exchange rate depreciates to N790/$1 on 16th November 2022

The exchange rate between the naira and the US dollar strengthened on Wednesday, 16th November 2022, closing at N790/$1 compared to N800/$1 recorded as of the close of trading activities on Tuesday. 

This is according to information from black market traders who spoke to Nairametrics. Although the exchange rate remains highly volatile with varying rates across markets. 

On the other hand, naira recorded a slight depreciation of 0.13% against the US dollar at the cryptocurrency peer-to-peer FX to close at N796/$1 on Wednesday, from N795/$1 recorded in the previous trading session.  

In the same vein, the naira closed against the US dollar at N446.67/$1 at the I&E window on Tuesday, representing a depreciation of 0.15% compared to N446/$1 recorded in the previous trading session. 

Meanwhile, FX turnover at the official market increased by 32.99% to $84.89 million on Tuesday, from $63.83 million that was traded on Monday. Nigeria’s external reserve fell by 0.06% to stand at $37.18 billion as of 14th November 2022 from $37.2 billion recorded as of the previous day. 

Trading at the official NAFEX window

The exchange rate at the official market closed at N446.67/$1 on Tuesday, 15th November 2022. This represents a slight depreciation of 0.15% in contrast to N446/$1 recorded in the previous trading day. 

• The opening indicative rate closed at N443.9/$1 on Tuesday, 15th November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N446.67/$1, while it traded as low as N432/$1 during intra-day trading.
• A total of $84.89 million in FX value was traded at the Investors and Exporters window on Tuesday, which is 32.99% higher than the $63.83 million traded on Monday.

Black market exchange rate depreciates to N800/$1 on 15th November 2022

The exchange rate between the naira and the US dollar fell further for the second day in a row on Tuesday, 15th November 2022, closing at N800/$1. The exchange rate depreciated by 2.56% in contrast to N780/$1 recorded at the close of trading on Monday.

This is according to information from black market traders who spoke to Nairametrics. It is worth noting that the exchange rate varies across various locations and depends on the volume of transactions.

Similarly, naira recorded a slight depreciation of 0.89% against the US dollar at the cryptocurrency peer-to-peer FX to close at N795/$1 on Tuesday, from N788/$1 recorded in the previous trading session.

In the same vein, the naira closed against the US dollar at N446/$1 at the I&E window on Monday, representing a depreciation of 0.06% compared to N445.75/$1 recorded in the previous trading session.

Also, FX turnover at the official market dipped by 74.98% to $63.83 million on Monday, from $255.15 million that was traded on Friday. Nigeria’s external reserve fell by 0.05% to stand at $37.20 billion as of 11th November 2022 from $37.21 billion recorded as of the previous day.

Trading at the official NAFEX window

• The exchange rate at the official market closed at N446/$1 on Monday, 14th November 2022. This represents a slight depreciation of 0.06% in comparison to N445.75/$1 recorded in the previous trading day.
• The opening indicative rate closed at N444.4211 on Monday, 14th November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N446/$1, while it traded as low as N439.33/$1 during intra-day trading.
• A total of $63.83 million in FX value was traded at the Investors and Exporters window on Monday, which is 74.98% lower than the $255.15 million traded on Friday.

Black market exchange rate falls to N780/$1 on 14th November 2022

The exchange rate between the naira and the US dollar depreciated on Monday, 14th November 2022, closing at N780/$1 after recording significant gains in the previous week. Naira depreciated by 17.6% compared to N680/$1 recorded last week Friday.

This is according to information from black market traders who spoke to Nairametrics. Meanwhile, the exchange rate still varies across various locations and also depends on the volume of transaction. Some FX traders still sell at the rate of N750/$1.

Similarly, naira weakened against the US dollar at the cryptocurrency peer-to-peer FX to N788/$1 on Monday, representing a steep 11.46% decline from N707/$1 recorded in the previous trading session.

However, the naira closed against the US dollar at N445.75/$1 at the I&E window on Friday. This represents a 0.08% appreciation from N446.1/$1 that was recorded in the previous trading session.

FX turnover at the official market surged by 183.66% to $255.15 million on Friday, compared to $89.95 million that was traded on Thursday. Nigeria’s external reserve declined further by 0.067% to stand at $37.221 billion as of 10th November 2022 from $37.247 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.75/$1 on Friday, 11th November 2022, representing a 0.08% appreciation from N446.1/$1 recorded in the previous trading day.

• The opening indicative rate closed at N444.1/$1 on Friday, 11th November 2022.
• Furthermore, an exchange rate of N448/$1 was the highest rate recorded during intra-day trading before it settled at N445.75/$1, while it traded as low as N425/$1 during intra-day trading.
• A total of $255.15 million in FX value was traded at the Investors and Exporters window on Friday, which is 183.66% higher than the $89.95 million traded on Thursday.

Black market exchange rate closes at N680/$1 on 11th November 2022

The exchange rate between the naira and the US dollar appreciated by 8.72% on Friday, 11th November 2022 to close at N680/$1 from N745/$1 recorded on Thursday. This is according to information from black market traders who spoke to Nairametrics.

In the last four days, the local recorded significant gains against the US dollar from a record low of N900/$1 recorded last week. The exchange rate has now touched its highest level since 19th August 2022. It is worth noting that the rate varies across various locations and depends on the transaction volume.

Similarly, the exchange rate at the cryptocurrency peer-to-peer FX appreciated to N714/$1 on Friday, a 0.56% improvement from N718/$1 recorded in the previous trading session.

However, the naira closed against the US dollar at N446.1/$1 at the I&E window on Thursday. This represents a slight depreciation of 0.1% in contrast to N445.67/$1 that was recorded in the previous trading session.
FX turnover at the official market fell slightly by 3.29% to $89.95 million on Thursday, compared to $93.01 million that was traded on Wednesday. Nigeria’s external reserve declined by 0.07% to stand at $37.247 billion as of 9th November 2022 in contrast to $37.272 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N446.1/$1 on Thursday, 10th November 2022, representing a downturn of 0.1% from N445.67/$1 recorded in the previous trading day.

• The opening indicative rate closed at N444.42/$1 on Thursday, 10th November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N446.1/$1, while it traded as low as N415/$1 during intra-day trading.
• A total of $89.95 million in FX value was traded at the Investors and Exporters window on Thursday, which is 3.29% lower than the $93.01 million traded on Wednesday.

P2P exchange rate appreciates to N718/$1 on 10th November 2022

Naira recorded a massive boost against the US dollar on Thursday at the cryptocurrency peer-to-peer FX market, closing at N718 to a dollar from N814.9/$1 recorded in the previous trading session. The exchange rate appreciated by 11.89% in 24 hours.

Similarly, the exchange rate between the naira and the US dollar appreciated at the black market to close at N745/$1 on Thursday, 10th November 2022, representing a 6.88% gain when compared to the N800/$1 recorded in the previous trading session.

This is according to information from black market traders who spoke to Nairametrics.

Meanwhile, the exchange rate still varies largely across the markets based on the location and volume of transactions. According to information from FX traders, the exchange rate traded between N780/$1 and N800/$1 during the day, before closing at an average of N740 to a dollar.

Also, the naira closed against the US dollar at N445.67/$1 at the I&E window on Wednesday, representing a 0.1% appreciation compared to N446.1/$1 that was recorded in the previous trading session. FX turnover at the official market improved by 27.95% to $93.01 million on Wednesday, from $72.69 million that was traded on Tuesday.

Nigeria’s external reserve declined by 0.06% to stand at $37.27 billion as of 8th November 2022 in contrast to $37.29 billion recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.67/$1 on Wednesday, 9th November 2022, representing a 0.1% improvement from N446.1/$1 recorded in the previous trading day.

• The opening indicative rate closed at N444/$1 on Wednesday, 9th November 2022.
• Furthermore, an exchange rate of N447.09/$1 was the highest rate recorded during intra-day trading before it settled at N445.67/$1, while it traded as low as N432/$1 during intra-day trading.
• A total of $93.01 million in FX value was traded at the Investors and Exporters window on Wednesday, which is 27.95% higher than the $72.69 million traded on Tuesday.

Black market exchange rate moderates to N800/$1 on 9th November 2022

The exchange rate between the naira and the US dollar moderated at the black market to N800/$1 on Wednesday, 9th November 2022, representing a 6.43% appreciation when compared to the N855/$1 recorded in the previous trading session. 

This is according to information from black market traders who spoke to Nairametrics. 

Meanwhile, the exchange rate still varies largely across the markets based on the location and volume of transactions. In a conversation with some traders at the Internation Airport Lagos, they are selling dollars at the rate of N840/$1 for cash transactions, while another trader stated its rate at N820/$1. 

For inflows, the exchange rate stood at N820 to a dollar on Wednesday morning. 

Also, the exchange rate at the cryptocurrency peer-to-peer FX market improved by 5.23% to trade at a minimum of N814.9/$1 on Wednesday morning, from N859.9/$1 that it traded at the same time on Tuesday, 8th November 2022. 

On the other hand, the naira closed against the US dollar at N446.1/$1 at the I&E window on Tuesday, representing a depreciation of 0.13% compared to N445.5/$1 that was recorded in the previous trading session. FX turnover at the official market fell by 64.76% to $72.69 million on Tuesday, from $206.25 million that was traded on Monday. 

Nigeria’s external reserve declined by 0.18% to stand at $37.295 billion as of 7th November 2022 in contrast to $37.36 recorded as of the previous day. 

Trading at the official NAFEX window

The exchange rate at the official market closed at N446.1/$1 on Tuesday, 8th November 2022, representing a slight decline of 0.13% from N445.5/$1 recorded in the previous trading day. 

• The opening indicative rate closed at N443.55/$1 on Tuesday, 8th November 2022.
• Furthermore, an exchange rate of N460/$1 was the highest rate recorded during intra-day trading before it settled at N446.1/$1, while it traded as low as N440/$1 during intra-day trading.
• A total of $72.69 million in FX value was traded at the Investors and Exporters window on Tuesday, which is 64.76% lower than the $206.25 million traded on Monday.

Black market exchange rate appreciates to N855/$1 on 8th November 2022

The exchange rate between the naira and the US dollar improved by 2.29% at the black market on Tuesday, 8th November 2022, trading at an average of N855/$1 for cash transactions, compared to an average of N875/$1 recorded in the previous trading session.

This is according to information from black market traders who spoke to Nairametrics.

Also, the exchange rate at the cryptocurrency peer-to-peer FX market appreciated by 0.13% to trade at a minimum of N859.9/$1 on Tuesday morning, compared to the N861/$1 that it traded at the same time on Monday, 7th November 2022.

Meanwhile, the naira closed against the US dollar on Monday at N445.5/$1 at the I&E window, the same rate as the previous trading session. FX turnover at the official market surged by 119.25% to $206.25 million on Monday, in contrast to $94.07 million that was traded on Friday. This is the highest volume traded at the I&E window since 29th September 2022.

Nigeria’s external reserve recorded a slight drop of 0.01% to stand at $37.36 billion as of th November 2022 from $37.37 recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.5/$1 on Monday, 7th November 2022, the same rate recorded in the previous trading day.

• The opening indicative rate closed at N444.08/$1 on Monday, 7th November 2022.
• Furthermore, an exchange rate of N461/$1 was the highest rate recorded during intra-day trading before it settled at N445.5/$1, while it traded as low as N439.98/$1 during intra-day trading.
• A total of $206.25 million in FX value was traded at the Investors and Exporters window on Monday, which is 119.25% higher than the $94.07 million traded on Friday.

Black market exchange rate falls to N875/$1 on 7th November 2022

The exchange rate between the naira and the US dollar declined further at the black market on Monday, 7th November 2022, albeit at a slower pace trading at an average of N875/$1, in contrast to an average of N870/$1 recorded in the previous trading session.

This is according to information from black market traders who spoke to Nairametrics.

On the flip side, the exchange rate at the cryptocurrency peer-to-peer FX market between the local currency and the US dollar moderated by 1.42% to trade at a minimum of N861/$1 on Monday morning from N873.44/$1 that it traded at the same time on Friday, 4th November, 2022.

Meanwhile, the naira closed against the US dollar on Friday at N445.5/$1, recording a slight upward movement from N445.75/$1 that it closed in the previous trading session. Meanwhile, FX turnover at the I&E window declined by 43.63% to $94.07 million on Friday, as against $166.88 million that was traded on Thursday.

Nigeria’s external reserve recorded a rare upward movement after gaining 0.001% to stand at $37.3658 billion as of 4th November 2022 from $37.3656 recorded as of the previous day.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.5/$1 on Friday, 4th November 2022, a 0.06% appreciation from N445.75/$1 recorded in the previous trading day.

• The opening indicative rate closed at N442.88/$1 on Friday, 4th November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.5/$1, while it traded as low as N431/$1 during intra-day trading.
• A total of $94.07 million in FX value was traded at the Investors and Exporters window on Friday, which is 43.63% lower than the $166.88 million traded on Thursday.

Black market exchange rate falls to N870/$1 on 4th November 2022

The exchange rate between the naira and the US dollar fell drastically on the black market on Friday, 4th of November 2022, trading at an average of N870/$1 according to information from black market traders who spoke to Nairametrics.

This represents a steep decline of 6.13% compared to N820/$1 recorded in the previous trading session.

The exchange rate at the cryptocurrency peer-to-peer FX market also declined against the US dollar to trade at a minimum of N873.44/$1 on Friday morning. This represents a devaluation of 3.15% in contrast to N846.8/$1 which it traded at the same time on Thursday, 3rd November 2022.

On the other hand, the naira closed against the US dollar on Wednesday at N445.75/$1, a slight appreciation of 0.06% from N446/$1 recorded in the previous trading session. Meanwhile, the FX turnover at the I&E window improved by 143.41% to close at $166.88 million on Thursday, from $68.56 million that was traded on Wednesday.

However, Nigeria’s external reserve dropped further to $37.37 billion as of 1st November 2022, representing a decline of 0.06% in contrast to $37.39 billion recorded on Monday 31st October 2022.

Trading at the official NAFEX window

The exchange rate at the official market closed at N445.75/$1 on Thursday, 3rd November 2022, an appreciation of 0.06% from N446/$1 recorded in the previous trading day.

• The opening indicative rate closed at N443.58/$1 on Thursday, 3rd November 2022.
• Furthermore, an exchange rate of N447/$1 was the highest rate recorded during intra-day trading before it settled at N445.75/$1, while it traded as low as N431/$1 during intra-day trading.
• A total of $166.88 million in FX value was traded at the Investors and Exporters window on Thursday, which is 143.41% higher than the $68.56 million traded on Wednesday.