See the Current Value of Naira, Has it Appreciates at Official Exchange Rate
On Wednesday, the naira made significant gains against the U.S. dollar at the official exchange rate. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) revealed that the naira appreciated by N79, trading at N1,558 per dollar, compared to N1,637 per dollar on Monday.
During the trading day, the naira fluctuated between a high of N1,659 per dollar and a low of N1,540 per dollar, showing a range of N119 per dollar. The naira remained steady against the British Pound, trading at N2,200 per pound, the same as the previous rate of N2,220 per pound. Similarly, the Canadian dollar held steady at N1,250 per CAD.
Against the Euro, the naira gained N5, trading at N1,815 per euro, up from the previous rate of N1,820 per euro.
