Black market exchange rate moderates to N755/ on 15th February 2023 

Black market exchange rate moderates to N755/$1 on 15th February 2023 

NAIRA METRICS

Naira appreciated slightly against the US dollar on Wednesday, 15th February 2023, trading at an average of N755/$1 at the black market compared to the previous average of N756/$1. 

This is according to information from black market FX operators who spoke to Nairametrics.  

On the other hand, the exchange rate at the cryptocurrency P2P exchange market depreciated further to N755.18/$1 on Wednesday, 15th February 2023, from N752.25/$1 recorded in the previous trading session. 

Meanwhile, naira depreciated against the US dollar at the investors and exporters (I&E) window by 0.15% to close at N461/$1 on Tuesday, 14th February 2023 from N461/$1 recorded on Monday. 

Forex turnover at the official market decreased by 67.04% to $68.85 million on Tuesday, 14th February 2023, compared to the $208.91 million that was transacted in the previous session…

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