EditorData at the FMDQ Security Exchange where forex is traded officially has shown that the exchange rate between the naira and the US dollar opened at N414.55 to a dollar on Tuesday November 16,2021, after closing at N415.10/$1 on Monday November 15.
Also, at the Parallel Market (Black Market), in Abuja, a dealer said the naira exchanged at N540.00 to a dollar on Tuesday.
Also, dealers in Ikeja Lagos, said they bought at N540/$1 and sold at N545 to the US dollar, the same as Monday.
Similarly, the Central Bank of Nigeria (CBN) has not updated its currency rates on Monday as at the time of publishing this currency update.
But, the apex bank displayed an exchange rate of N411.43/$1 on Monday compared to N411.42/$1 displayed on Friday November 15,2021.
The CBN did not display the rates for the British Pound Sterling as of Monday and Tuesday after the apex bank had display N551.3028/£1 on Friday compared to
N551.2215/£1 displayed on Thursday.
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