For the second day in a row, the naira value against the US dollar continue to fall closing at N800/$1 on Tuesday 15th November 2022.
The exchange rate depreciated by 2.56% in contrast to N780/$1 recorded at the close of trading on Monday.
These are information from black market sources who traded yesterday .
Similarly, naira recorded a slight depreciation of 0.89% against the US dollar at the cryptocurrency peer-to-peer FX to close at N795/$1 on Tuesday, from N788/$1 recorded in the previous trading session.
Nairametric reports that FX turnover at the official market dipped by 74.98% to $63.83 million on Monday, from $255.15 million that was traded on Friday. Nigeria’s external reserve fell by 0.05% to stand at $37.20 billion as of 11th November 2022 from $37.21 billion recorded as of the previous day.
The exchange rate at the official market closed at N446/$1 on Monday, 14th November 2022. This represents a slight depreciation of 0.06% in comparison to N445.75/$1 recorded in the previous trading day.
