Naira has fallen massively at P2P market, see new exchange rate.
Newsonline reports that the dollar to naira exchange rate between the Nigerian currency and the United States currency closed at N416.67/$1 at the official Investors and Exporters (I&E) window.
This online news platform understands that dollar to naira exchange rate at the I&E window depreciated further by 0.04% on Thursday to close at N416.67 to a dollar compared to the N416.5/$1 recorded the previous day.
Newsonline recalls that the exchange rate had depreciated in the previous trading session by 0.12% from N416/$1.
Naira fell at the Peer-to-Peer (P2P) market on Friday morning to trade at N581.2/$1, representing a 1.1% depreciation compared to N575/$1 that it had maintained in the previous three trading sessions.
The dollar to naira exchange rate at the parallel market, on the other hand, gained by 0.52% to close at N577/$1 from N580/$1 recorded on Wednesday, 9th March 2022. This is according to information obtained from BDC operators.
Meanwhile, Newsonline Nigeria reports that the USD started this week at ₦576 in Parallel Market also known as Black Market on Monday, March 7, 2022, in Lagos Nigeria, after it opened at 575 last week Monday, February 28, 2022.
