Nigerian Naira Appreciates at the Official Market

Date:

April 20, 2023.

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Azonuchechi Chukwu.

The Nigerian Naira recorded a stronger outcome against the United States currency on Wednesday, April 19, at the Investors and Exporters (I&E) and the parallel market sides of the foreign exchange market.

The Naira appreciated against its American counterpart by 75 Kobo or 0.16 per cent to trade at N462.50/$1 compared with the previous day’s exchange rate of N463.25/$1 as the forex turnover for the session broadly went up by 55.1 per cent or $52.57 million to $148.02 million from Tuesday’s $95.45 million.

In the black market, the Nigerian currency was strengthened against the American Dollar yesterday by N2 to sell at N737/$1 compared with the preceding day’s value of N739/$1.(www.naija247news.com).

Azonuchechi Chukwu
Azonuchechi Chukwuhttp://Naija247News.com
Ms Azonuchechi Chukwu has a BSC holder in mass communication Ebonyi State University

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