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Naira Appreciates In The Official Market, P2P, And Parallel Markets - Business - Nairaland

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Naira Appreciates To ₦‎1,280/$ At Parallel Market / Naira Falls At Parallel Market, Appreciates In Official Window / Exchange Rates In Official And Parallel Markets Converge (2) (3) (4)

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Naira Appreciates In The Official Market, P2P, And Parallel Markets by y2jacob1: 11:30am On May 05, 2023
On Thursday, May 4, the Naira strengthened against the US dollar in the Peer-to-Peer (P2P), Investors and Exporters (I&E), and black market windows of the foreign exchange window.

When compared to the previous session’s exchange rate of N751/$1, it increased N5 on the dollar in the P2P wing during the session to settle at N746/$1. In the black market, the value of the Nigerian Naira increased relative to the US dollar by N2, selling for N735 to $1 as opposed to N737 to $1 on Wednesday.

In a similar vein, on Thursday, the local currency gained 12 Kobo, or 0.03 percent, against the US Dollar in the I&E section of the market, closing at N462.88/$1 as opposed to N463.00/$1 at the end of the midweek session....

https://www.thenews-chronicle.com/naira-appreciates-in-the-official-market-p2p-and-parallel-markets/?utm_source=ReviveOldPost&utm_medium=social&utm_campaign=ReviveOldPost

Re: Naira Appreciates In The Official Market, P2P, And Parallel Markets by darkwan: 11:41am On May 05, 2023
dollar will keep droppin the more countries around the world abandon it for makin business....

btw op....
you only talked about black market rate....black market rate is not the official rate....

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