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

Naira depreciates to N752/$ in the parallel market.

Rate Captain by Rate Captain
January 30, 2023
in Currencies, Uncategorized
Reading Time: 1 min read
A A
0
Naira appreciates to N740/$ in the parallel market.

Creative abstract business, financial success and making money concept: macro view of group of new 100 US dollar 2013 edition banknotes or bills with selective focus effect

Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Naira depreciated against the US dollar at the parallel market on Monday morning, 30 January 2023, to trade at an average of N752/$1, representing a 0.53% marginal decrease in contrast to an average of N748/$1 recorded in the previous trading session.

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

AlsoRead

Is the eNaira a waste of government resources?

The Rise in Currency Hoarding: Examining Nigeria’s Cash Crunch.

Digital Currency Group Faces Legal Dispute and Payment Failure: Implications for the Nigerian Economy.

However, the exchange rate at the cryptocurrency P2P exchange depreciated on Monday morning to trade at a minimum of N757/$1, a 0.26% upward trend compared to N755/$1 recorded in the previous trading day.

On the other hand, the Investors and Exporters window recorded a marginal change in the value of the naira on an average of N461.75/S, increasing by 0.132 percent from the previous trading average of N461.25/$1 recorded in the previous trading session.
Nigeria’s external reserves stood at $37.069 billion as of January 26, 2023, representing a marginal decrease from the $37.096 billion recorded as of January 25, 2022, indicating a 0.073% decrease in the nation’s reserve level.

Trading at the official NAFEX window

The exchange rate at the official market closed at N461.75/$1 on Friday, January 26, 2023, from N461.25/$1 recorded in the previous trading session. The opening indicative rate closed at N461.75/$1 on Friday, January 26, 2023. Furthermore, an exchange rate of N462/$1 was the highest rate recorded during intra-day trading before it settled at 461.75$, while it traded for as low as N446/$1 during intra-day trading. A total of $97.67 million in FX value exchanged hands at the Investors and Exporters window on Friday 27 January 2023, which is 53.78% higher than the $45.16 million that was traded in the previous session.

Previous Post

Naira Redesign, Cash Swap Leads to Recovery of N1.9 Trillion Previously Held Outside Banking System, CBN Reports

Next Post

Outlook of Nigeria’s Foreign Reserve for the First Month of 2023

Related News

Is the eNaira a waste of government resources?

Is the eNaira a waste of government resources?

by Rate Captain
May 24, 2023
0

The International Monetary Fund (IMF) recently released a report titled "Nigeria's eNaira, One Year After," revealing that 98.5% of eNaira...

Naira appreciated to N738/$ in the Parallel Market

The Rise in Currency Hoarding: Examining Nigeria’s Cash Crunch.

by Rate Captain
May 23, 2023
0

Nigeria has experienced a significant spike in currency outside the banking system for the fourth consecutive month, reaching a staggering...

Digital Currency Group Faces Legal Dispute and Payment Failure: Implications for the Nigerian Economy.

Digital Currency Group Faces Legal Dispute and Payment Failure: Implications for the Nigerian Economy.

by Rate Captain
May 23, 2023
0

The digital currency industry experienced a significant setback recently as Digital Currency Group (DCG) failed to make a $630 million...

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

Resurgence of Cash Hoarding in Nigeria Raises Concerns.

by Rate Captain
May 23, 2023
0

Following the relaxation of currency redesign and cashless measures by the Central Bank of Nigeria (CBN), indications suggest that Nigerians...

Next Post
Outlook of Nigeria’s Foreign Reserve for the First Month of 2023

Outlook of Nigeria’s Foreign Reserve for the First Month of 2023

Leave a Reply Cancel reply

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

Recommended

Nigeria’s Leading Crypto Marketplace Patricia Suffers Severe Security Breach

Nigeria’s Leading Crypto Marketplace Patricia Suffers Severe Security Breach

May 28, 2023
MTN Global Graduate Program Offers Exciting Opportunities for Young African Graduates

MTN Global Graduate Program Offers Exciting Opportunities for Young African Graduates

May 28, 2023

Popular Story

  • MTN Global Graduate Program Offers Exciting Opportunities for Young African Graduates

    MTN Global Graduate Program Offers Exciting Opportunities for Young African Graduates

    0 shares
    Share 0 Tweet 0
  • Nigeria’s Leading Crypto Marketplace Patricia Suffers Severe Security Breach

    0 shares
    Share 0 Tweet 0
  • Canada Expedites Family Reunification Process, Contrasting UK’s Immigration Policy

    0 shares
    Share 0 Tweet 0
  • Access Bank Invites Applications for 2023 Entry Level Trainee Program in Technology

    0 shares
    Share 0 Tweet 0
  • University of Glasgow Offers Leadership Scholarships for International Students.

    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.

  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

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

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

?>