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Dollar To Naira Rate Today January 30, 2024

Published

10 months ago

January 30, 2024

What is the black market Dollar To Naira Rate Today January 30, 2024?

The Eagle reports that the Dollar To Naira exchange rate at the parallel market otherwise known as the black market trades at N1510/$ today, January 30, 2024, in Lagos and Abuja.

This is according to parallel market operators in both cities.Naira dipped against its the USD again by N10.

In the Peer2Peer (P2P) session, the local currency trades at N1515/$ as against N1451/ it concluded trades yesterday.

Data from FMDQ showed that the indicative exchange rate for NAFEM fell to N1348.63 per dollar from N891.9 per dollar last week Friday, indicating N456.73 or 24 per cent depreciation for the naira.

This represents the lowest level for the Naira since June 14th last year when the Central Bank of Nigeria, CBN eliminated multiple exchange rates in the official market.

The volume of dollars traded on NAFEM fell by 28.5 percent to $404.5 million last week from $565.82 million the previous week.