Connect with us

Business

Dollar To Naira Rate Today, 4th October 2023

Published

on

Dollar To Naira Rate Today, 4th October 2023

On Tuesday, October 4, 2023, traders at the Lagos, Ogun and Ibadan Parallel Market (Black Market) settled to trade a dollar for N995 and sell it for N1000.

This connotes the Naira surged N2 as against 1002 it concluded yesterday.

At the Investors’ and Exporters’ (I&E) forex window, naira appreciated by 2.59 percent as the dollar was quoted at N755.27 on Friday compared to N775.31 quoted on Thursday last week, data from the FMDQ showed.

Advertisement

READ ALSO: Dollar To Naira Today, 3rd October 2023

Meanwhile, the exchange at the Central Bank of Nigeria (CBN) concluded N747.61/$.

Due to the expectation around the upcoming policy move of Olayemi Cardoso, the newly appointed governor of the Central Bank of Nigeria (CBN), the naira’s surprise increase was attributed to a moderation in demand for the dollar.

Advertisement

Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *