RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Currencies

Naira appreciates to N765/$ in the parallel market.

Rate Captain by Rate Captain
February 17, 2023
in Currencies
Reading Time: 1 min read
A A
0
Naira appreciates to N765/$ in the parallel market.
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

The exchange rate between the naira and the US dollar traded for an average of N765/$1 on Friday, 17 February 2023, representing a 1.31% appreciation when compared to N775/$1 recorded in the previous trading session.

This is according to information provided by parallel market dealers to RateCaptain.

AlsoRead

CBN Governor Vows to Address Forex Obligations and Inflation

Key Pitfalls to Avoid in Forex Trading: Tips for Success

Nigerian Naira Hits Record Low at 980/$: BDC Operators Condemns Situation

However, the exchange rate at the cryptocurrency P2P exchange depreciated on Friday to trade at a minimum of N755/$1, from N753/$1 recorded in the previous trading session.

The Investors and Exporters window closed at N461.30/$1 on Thursday, 116 February 2023, representing a 0.04% appreciation compared to N461.50/$1 recorded in the previous trading session.

Nigeria’s external reserves stood at $36.794 billion as of February 15, 2023, representing a marginal decrease from the $37.808 billion recorded as of February 14, 2023, indicating a 0.004% decrease in the nation’s reserve level.

Trading at the official NAFEX window

The exchange rate at the official market closed at N461.30/$1 on Thursday, February 16, 2023, a 0.004% appreciation from N461.50/$1 recorded in the previous trading session. The opening indicative rate was N461.30/$1 on Thursday, February 16, 2023. Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at N461.30/$1, while it traded for as low as N446/$1 during intra-day trading. A total of $69.72 million in FX value exchanged hands at the Investors and Exporters window on Thursday 16 February 2023, which is 28.40% higher than the $89.52 million that was traded in the previous session.

Previous Post

Nigeria’s oil output rises by 31million barrels.

Next Post

CBN denies asking banks to accept old N500, N1000 notes from customers

Related News

Meet Dr. Olayemi Cardoso the Proposed CBN Governor: Impact on Financial Markets

CBN Governor Vows to Address Forex Obligations and Inflation

by Stephen Akudike
September 27, 2023
0

The newly appointed Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has outlined his immediate priorities during a...

Key Pitfalls to Avoid in Forex Trading: Tips for Success

Key Pitfalls to Avoid in Forex Trading: Tips for Success

by Bolarinwa Mathew
September 26, 2023
0

Forex trading, often touted as a path to financial success, demands a meticulous and multi-faceted approach. Trading in the world's...

Naira Depreciates to N945/$ in the Parallel Market

Nigerian Naira Hits Record Low at 980/$: BDC Operators Condemns Situation

by Stephen Akudike
September 21, 2023
0

The Nigerian naira has continued its alarming descent against the US dollar, plummeting to a new low of 980 naira...

Mastering Forex: 8 Effective Trading Strategies and How to Create Your Own

Mastering Forex: 8 Effective Trading Strategies and How to Create Your Own

by Stephen Akudike
September 18, 2023
0

Forex trading is a dynamic and potentially rewarding endeavor, but success requires a well-defined strategy. In this guide, we'll delve...

Next Post
Confusion deepens as the uncertainty of the old naira deadline persists.

CBN denies asking banks to accept old N500, N1000 notes from customers

Leave a Reply Cancel reply

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

Recommended

Naira Depreciates to N945/$ in the Parallel Market

CBN To Reduce Number of BDC’s – FG

September 29, 2023
Binance Withdraws from Russian Market

Binance Withdraws from Russian Market

September 29, 2023

Popular Story

  • Naira Depreciates to N945/$ in the Parallel Market

    CBN To Reduce Number of BDC’s – FG

    0 shares
    Share 0 Tweet 0
  • Seplat Energy Nigeria Offers Internship Opportunity to Nigerian Undergraduate Students.

    0 shares
    Share 0 Tweet 0
  • FirstBank Technology Academy Opens Application For Young Graduates to Explore Tech Careers.

    0 shares
    Share 0 Tweet 0
  • Shocking: “Undress” An AI Tool That Unveils Digital Representations of Individuals Without Clothing

    0 shares
    Share 0 Tweet 0
  • Microsoft introduces AI-powered Bing to Android and iOS users. 

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
?>