Naira Gains at NAFEX Market

Dollar To Naira Exchange Rate Today (Thur. July. 20, 2023)

Nigeria’s naira to dollar exchange rate appreciated at the NAFEX market on Tuesday, March 15, 2021.

The exchange rate at the I & E window closed at N408.9 to one dollar on Tuesday as against N410 in the previous day.

This represents about 0.27 per cent appreciation in the currency.

Naira traded at a peak of N412 at the Investors and Exporters window as government continues to encourage dollar remittances.

At the parallel market/black market, the naira to dollar exchange rate remained stable at N485/$ a new peak it attained on Monday.

The closing rate indicated that the exchange rate differential between NAFEX market and parallel market is N76.1.

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