Over the past week, from May 15, 2024, to May 21, 2024, the black market sell rate for the dollar to naira ranged between ₦1,470 and ₦1,560. The average rate during this period was ₦1,516.94.

Comparing today’s rate with the average of the past week shows a decrease of 56.94 points, equivalent to a 3.75% fall. This drop reflects a significant appreciation of the Naira against the dollar.


Naira Appreciates in Black Market and NAFEM Markets

The Naira has shown notable strength recently. According to the latest financial reports:

On Tuesday, the Naira appreciated to ₦1,470 per dollar from Monday’s rate of ₦1,475 per dollar in the parallel market.

In the Nigerian Autonomous Foreign Exchange Market (NAFEM), the Naira improved to ₦1,465.68 per dollar from ₦1,468.99 per dollar on Monday, marking an appreciation of ₦3.31.

Check Today's Official Black Market Rates Below

https://africafactszone.com/dollar-to-naira-black-market-exchange-rate-today-may-23-2024/





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