NigeriaNaira Gains 0.14%, Sells N461.50/$1

Naira Gains 0.14%, Sells N461.50/$1


- Advertisment -spot_img
Everything on JUMIA

The Nigerian Naira appreciated on Tuesday by 0.14k,  selling at N461.50/$1 compare to Monday sales of N462.17/$1 in the Investors and Exporters (I&E) segment of the foreign exchange (FX) market.

Dollar to Naira

Observing closely, this occurred as the value of FX transactions at the official market window depreciated by 39.1 per cent or $47.85 million. At the close of trades, the turnover for the session stood at $74.58 million compared with the $122.43 million recorded at the previous session.

Similarly, in the parallel market wing of the FX market on Tuesday, the Naira regained strength against the American Dollar after it gained N3 to sell at N750/$1, in contrast to the preceding day’s N753/$1, Business Post reports.

Flash Sales

But in the Peer-2-Peer (P2P) forex segment, the Naira showed no movement against the United States Dollar, closing flat at N761/$1 yesterday.

This same scenario played out in the interbank window of the market, where the domestic currency was flat against the Pound Sterling and the Euro at N555.40/£1 and N496.32/€1, respectively.

In the cryptocurrency market, there was a major green swing following a near collision with a key support point, with Bitcoin (BTC) holding strong to its resistance level, rising by 1.7 per cent yesterday to $23,270.17, as Ethereum (ETH) jumped by 3.1 per cent to $1,680.40.

Read Also: Plateau: Unknown Gunmen Kill 3, Injure 2

Solana (SOL) grew by 3.6 per cent to $23.89, Cardano (ADA) appreciated by 3.2 per cent to $0.399, Litecoin (LTC) rose by 2.3 per cent to $101.21, Dogecoin (DOGE) went up by 2.1 per cent to $0.0925, Ripple (XRP) expanded by 1.8 per cent to $0.4019, and Binance Coin (BNB) pointed up by 1.7 per cent to $332.10, while Binance USD (BUSD) and the US Dollar Tether (USDT) remained flat at $1.00 each.

New Webbs is an independent online news platform launched with the aim of connecting the world with the latest news on the web.


Please enter your comment!
Please enter your name here

Latest news

NBS Report: Nigeria’s Debt Hits N46.25trn In Q4 2022

Abuja, Nigeria - Domestic and external debt stocks of the federal republic of Nigeria, 36 state governments and the...

It’s The Worst Time To Fight Me – A Joshua

Ahead of the fight with Jermaine Franklin, Anthony Joshua (AJ) - a former world heavyweight champion, said Wednesday, that...

India Upholds $160m Fine On Google

In a case related to Android's market dominance, an Indian appeals court has upheld a $160m fine imposed on...

Four Dead, 5 Injured In A Lone Accident

Bauchi, Nigeria - A solo accident in Bauchi State has claimed the lives of four people while leaving five...
- Advertisement -spot_imgspot_img

As Nigerian Idol Season 8 Goes Live, Bigi Promises Bounty Excitement

Lagos, Nigeria -  Bigi, the Naija favourite soft drink, has for the third time, sponsored Nigerian Idol Season 8...

Whitney Adeniran: Court Grants Chrisland Staff Bail

Lagos, Nigeria -  A Lagos High Court on Thursday has admitted four Chrisland School Ikeja staff members to bail...

Must read

37 African Countries Face Health Worker Shortage – WHO

Out of fifty-five (55) countries facing serious health worker...

IWD 2023: KloverHarris Harps On Innovative Technology In Promoting Gender Equality

Lagos, Nigeria - KloverHarris Limited, in celebration of International...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you

Buy More, Save More