See latest naira to dollar exchange rate against US dollar, pound, euro

• The worth of the naira erstwhile again depreciated successful the achromatic and authoritative markets against the US dollars
• The Nigerian currency fell successful the achromatic marketplace by N10 and successful the authoritative overseas speech marketplace by 0.84%
• Nigerian banks and besides currency traders person adjusted their buying and selling rates to bespeak the caller speech rate

Legit.ng journalist Dave Ibemere has implicit a decennary of concern journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends.

Nigerian currency continued its mediocre show against the US dollar successful the authoritative and unofficial overseas speech markets.

The latest information from FMDQ securities shows that successful the Nigerian Autonomous Foreign Exchange Market (NAFEM) naira speech complaint to the dollar closed astatine t N1,402.67/$1 connected Thursday, May 2, 2024.

Nigerian currency proceed to autumn against US dollar Photo credit: Pius Utomi
Source: Getty Images

Thursday's complaint represents a 0.84 per cent oregon N11.71 nonaccomplishment against the US dollar for the naira erstwhile the compared to Tuesday’s closing terms of N1,390.96/$1.

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On Wednesday, May 1, 2024 the authoritative speech marketplace was closed due to the fact that of nationalist holiday.

Naira against different currency

The CBN information also showed that the naira connected Thursday, May 2 weakened against the lb sterling successful the spot marketplace by N213.34 to merchantability astatine N1,667.01/£1 compared to Tuesday's complaint of N1,453.67/£.

While against the euro, the worth of the naira depreciated by N178.68 to commercialized astatine N1,425.71/€1, successful opposition to the erstwhile session’s worth of N1,247.03/€1.

It was a similar story for the naira successful the achromatic marketplace according to traders who spoke to Legit.ng .

Abudullahi a BDC trader said that the marketplace resumed with precocious request from Nigerians looking to get dollar for business, and travels.

He said:

Pastor Adeboye predicts Naira volition bounce back

Legit.ng earlier reported that Adeboye prophesied the anticipation of the Nigerian currency bouncing backmost against the dollar with greater influence.

Adeboye revealed the prophecy astatine the RCCG's monthly Thanksgiving work connected Sunday, with the taxable 'Uncommon Miracles'.

According to the spiritual leader, determination was a play erstwhile Nigeria's currency wholly favoured the US dollar.

Source: Legit.ng