Glamtush
No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Metro/Crime
    • Nigeria News
    • Photo News
    • World News
  • Politics
  • Business & Brands
  • Entertainment
    • Celebrities
    • Movies
    • Music
    • Telemundo
    • Telenovelas
  • Sports
  • Fashion
    • Accessories
    • Celeb Style
    • Designers
    • Lookbook
    • Style Crush
    • Trends
    • Who Wore It Better
  • Features
    • Dear Angie
    • Interviews
    • Opinions
  • Beauty
    • Hair
    • Skin
    • Nails
  • Lifestyle
    • Career
    • Food & Drinks
    • Fitness
    • Travels
    • Weddings
  • Events
  • Relationship
  • Home
  • News
    • Education
    • Health
    • Metro/Crime
    • Nigeria News
    • Photo News
    • World News
  • Politics
  • Business & Brands
  • Entertainment
    • Celebrities
    • Movies
    • Music
    • Telemundo
    • Telenovelas
  • Sports
  • Fashion
    • Accessories
    • Celeb Style
    • Designers
    • Lookbook
    • Style Crush
    • Trends
    • Who Wore It Better
  • Features
    • Dear Angie
    • Interviews
    • Opinions
  • Beauty
    • Hair
    • Skin
    • Nails
  • Lifestyle
    • Career
    • Food & Drinks
    • Fitness
    • Travels
    • Weddings
  • Events
  • Relationship
No Result
View All Result
Glamtush
No Result
View All Result
Home Business & Brands

BREAKING: Naira Gains Massively At Official Market, See New Exchange Rate

byAngela Davies
December 4, 2021
in Business & Brands
Dollar To Naira Exchange Rate
Share on FacebookShare on TwitterShare on Whatsapp

Naira has gained massively at official market.

Glamtush reports that the exchange rate between the naira and the US dollar closed at N414.8/$1 at the official Investors and Exporters (I&E) window on Friday.

READ ALSO

Sterling Bank, NHEA Recognize Nigeria’s Healthcare Champions

Unity Bank Corpreneurship Challenge: Delta, Rivers Corps Members Listed to Benefit from N10m Business Grant

This online newspaper understands that Naira appreciated against the US dollar on Thursday to close at N414.8/$1, representing a 0.07% gain compared to N415.07/$1 recorded in the previous trading sessions. Forex turnover at the official market dropped by 37.4% to $139.67 million from $223.18 million recorded in the previous day.

Similarly, naira appreciated against the US dollar on Thursday, gaining by 0.87% to close at N567/$1 from N572/$1 that was recorded in the previous trading session. This is according to information obtained from BDC operators across Lagos, Nigeria.

Nigeria’s foreign reserve reduced by 0.08% on Wednesday, 1st December to close at $41.15 billion compared to $41.19 billion recorded as of the previous day. The recent decline in the nation’s external reserve is attributed to the intervention by the apex bank in the official forex market.

 

Trading at the official NAFEX window

The exchange rate at the Investors and Exporters window appreciated by 0.07% to close at N414.8/$1 on Thursday, compared to N415.07/$1 recorded over the past six trading sessions.

The opening indicative rate closed at N413.94/$1 on Thursday, which represents a 15 kobo depreciation compared to N413.79/$1 recorded in the previous trading session.

An exchange rate of N444/$1 was the highest rate recorded during intra-day trading before it settled at N414.8/$1, while it sold for as low as N404/$1 during intra-day trading.
Forex turnover at the official window decreased by 37.4% to $139.67 million on Thursday.

READ ALSO  JUST IN: Naira Falls To All Time Low At Official Market Since April 2022

According to data tracked by Nairametrics from FMDQ, forex turnover at the I&E window dropped from $223.18 million recorded on Wednesday 1st December 2021 to $139.67 million on Thursday 2nd December 2021.

 

Disclaimer: GLAMTUSH does not set or determine forex rates. The official NAFEX rates are obtained from the website of the FMDQOTC. Parallel market rates (black market rates) are obtained from various sources including online media outlets. The rates you buy or sell forex may be different from what is captured in this article.

 

Related

Related Posts

Sterling Bank, NHEA Recognize Nigeria’s Healthcare Champions
Business & Brands

Sterling Bank, NHEA Recognize Nigeria’s Healthcare Champions

June 28, 2022
Unity Bank
Business & Brands

Unity Bank Corpreneurship Challenge: Delta, Rivers Corps Members Listed to Benefit from N10m Business Grant

June 28, 2022
FirstBank
Business & Brands

Adeduntan Sustains His Winning Streak, Pioneers Leadership Excellence In Banking

June 24, 2022
Dollar To Naira
Business & Brands

Black Market Dollar To Naira Exchange Rate Today 23 June 2022

June 23, 2022
Polaris Bank
Business & Brands

RT $200bn: Polaris Bank Sensitises Non-Oil Exporters, Urge Them To Key Into Programme

June 22, 2022
Afreximbank
Business & Brands

FirstBank Partners With ELOY Foundation To Promote The Sustainability Of Female Owned Small Businesses 

June 20, 2022
Next Post
JUST IN: Former Supreme Court Judge Babalakin Is Dead

JUST IN: Former Supreme Court Judge Babalakin Is Dead

E-Magazine Covers

Lace Styles
Add Keywords from Briefcase ouTube Removes R. Kelly Channels

R. Kelly Sentenced To 30 Years In Prison For S3xual Abuse

June 29, 2022
Actress Regina Daniels Gives Birth To Second Son In Jordan

Actress Regina Daniels Gives Birth To Second Son In Jordan

June 29, 2022
Tinubu: We Cannot Give More Than The Information Already Provided – US University

Tinubu: We Cannot Give More Than The Information Already Provided – US University

June 29, 2022
Ike Ekweremadu

Ekweremadu: Senate To Send Delegation To London

June 29, 2022
JUST IN: Kaduna Train Attack Victim Shot By Terrorists – Negotiator

JUST IN: Kaduna Train Attack Victim Shot By Terrorists – Negotiator

June 29, 2022
Tinubu’s Running Mate Tells INEC His Certificates Too Were Stolen

Tinubu’s Running Mate Tells INEC His Certificates Too Were Stolen

June 29, 2022
CJN Tanko Mohammed

Ex-Chief Justice Of Nigeria, Tanko Muhammad To Get N2.5bn In Benefits

June 29, 2022
Actress Chacha Eke-Faani Releases Lovely Family Photos

Chacha Eke Leaves Marriage, Apologises For Living A Lie!

June 29, 2022
Kwankwaso Expresses Readiness To Work With Other Parties to Retire APC, PDP

Kwankwaso Expresses Readiness To Work With Other Parties to Retire APC, PDP

June 28, 2022
Sterling Bank, NHEA Recognize Nigeria’s Healthcare Champions

Sterling Bank, NHEA Recognize Nigeria’s Healthcare Champions

June 28, 2022

Glamtush is a fashion, beauty and lifestyle online magazine. We bring to you latest trends in fashion, beauty and lifestyle as well as those making the fashion world interesting and adorable.

  • About Us
  • Advertise
  • Terms And Conditions
  • Write for Us

© 2022 Glamtush

No Result
View All Result
  • Home
  • News
    • Education
    • Health
    • Metro/Crime
    • Nigeria News
    • Photo News
    • World News
  • Politics
  • Business & Brands
  • Entertainment
    • Celebrities
    • Movies
    • Music
    • Telemundo
    • Telenovelas
  • Sports
  • Fashion
    • Accessories
    • Celeb Style
    • Designers
    • Lookbook
    • Style Crush
    • Trends
    • Who Wore It Better
  • Features
    • Dear Angie
    • Interviews
    • Opinions
  • Beauty
    • Hair
    • Skin
    • Nails
  • Lifestyle
    • Career
    • Food & Drinks
    • Fitness
    • Travels
    • Weddings
  • Events
  • Relationship

© 2022 Glamtush