Key points:
Official CBN Rate: ₦1,534.91 / USD
Black-Market Rate: ₦1,560 / USD
Drivers: Increased external reserves, foreign portfolio inflows, market liquidity
Top Tools: XE, CBN Website, Naira Metrics
Your Daily Rate Fix
The Naira appreciated to ₦1,534.91/$1 in the official market, gaining ₦2.47 or 0.16%. In the parallel market, however, it depreciated to ₦1,560/$1, losing ₦5 from the previous session. Despite this volatility, the Naira remains relatively stable, supported by increased...