By Tolulope Oke
According to the official Central Bank of Nigeria (CBN) foreign exchange trading segment, Naira is traded at N415.6 to the American Dollar, today, June 29, 2022.
As against the previous trading session which sold for N415.64 to 1$, the US Dollar recorded a 0.01 per cent decline against the local currency.
On the other hand, the Investors & Exporters Window (I & E), which is the official window witnessed a flat rate against the US Dollar, exchanging for N412 / 1$.
In the black market, the demand for US dollars has been at a surge for the past few weeks, witnessing an increase in gross demand, causing a consistent hike in price of the currency.
Naira was exchanged for as low as N590/1$ while going as high as N610 /1$ yesterday but has recorded a N2 surge to be traded at N612/ 1$.
Meanwhile, the value of the local currency in the interbank market stayed unchanged against the British pound at N509.82/£1, and it was the same versus the euro as it closed flat at N439.49/€1 yesterday.
- READ ALSO: Dollar To Naira Exchange June 28, 2022
Digital currencies continue on a bearish note in the past 24 hours!
Litecoin (LTC) decreased in value by 6.1% to $52.22, Ethereum (ETH) decreased in value by 5.7% to $1,129.13, Ripple (XRP) suffered a 4.6% hit to trade at $0.3325, Cardano (ADA) decreased in value by 4.3% to $0.4661, Solana (SOL) decreased in value by 8.6% to sell at $35.13, Dogecoin (DOGE) decreased in value by 8.0% to $0.0653, Binance Coin (BNB) dropped 7.2 per cent in value to sell at $218.97, Bitcoin (BTC) dropped 3.5 per cent to $20,119.98.
Cami Ezenwa is a writer, editor and concepts developer. He has worked with the Daily Times, Daily Independent, Financial Standard and Business Television, to mention a few.
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