Nigeria News

Naira gains against dollar at black market

28 Jan 2025
Naira gains against dollar at black market

in Monday, the Naira gained value in relation to the US dollar in the parallel exchange market.

The Naira gained to N1650 per dollar on Monday from N1660 on Friday of last week.

In contrast to the N1660 exchange rate at the end of last week, this indicated that the Naira saw a notable increase of N10 versus the dollar. 

The Naira slightly declined to N 1533.63 per dollar at the official exchange rate. 

According to FMDQ data, the Naira rose from N1,531.20 to N1,533.63 against the dollar on Friday to N1,533.63 on Monday. 

This indicates that on Monday, the Naira lost N2.43 versus the US dollar on the black market.

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