NAIRA METRICS
The exchange rate between the naira and US Dollar traded flat at N740/$1 at the black market on Friday, 28th April 2023. This is the same rate as recorded in the previous trading session.
This is according to information obtained by Nairametrics from BDC traders.
The exchange rate between the naira and the US dollar has remained relatively steady at the black market, especially following the naira crunch in the Nigerian economy. The exchange rate started the year at N736/$1 and recorded its highest rate at N775/$1 on 20th February 2023 and lowest at N730/$1 on 5th January 2023.
On the other hand, naira depreciated against the Pound by 1.08% to trade at an average of N935/£1 on Friday, 28th April 2023 in contrast to N925/£1 that was recorded in the previous day’s trading session.
Also, naira fell against the Euro trading at an average of N810/€1 on Friday, 28th April 2023, representing a depreciation of 0.62% compared to N805/€1 recorded on Thursday, 27th April 2023…
