Suggestions




·

Exchange Rate update: Wednesday, November 3, 2021

November 3, 2021
by
Exchange Rate

DATA obtained from the FMDQ Security Exchange where forex is traded officially has shown that the exchange rate between the naira and US dollar opened on Wednesday, November 3, 2021, at N413.76/$1.

The Naira fell against the US dollar to close at N415.07/$1 on Tuesday 2nd November 2021, representing a 0.02per cent depreciation compared to N414.98/$1 recorded at the close of trading activities on Monday.

Join our WhatsApp Channel

On the other hand, at the Parallel Market (Black Market) on Wednesday,  dealers said the Naira exchanges for N572 to the US dollar.

Today marks a halt to consecutive two-day stability in this market segment, as it recorded the same N570/$1 at the close of trading activities on Monday and Tuesday, 1st and 2nd November 2021.

This is according to information obtained by Prime Business Africa from currency dealers at the NARCO wing of the Murtala Muhammad International Airport, Ikeja Lagos.
READ ALSO: Exclusive: Top 7 KPIs that Boost News Website to Rise from Zero to Top

In the same vein, the Central Bank of Nigeria ( CBN) has not updated its rates for Wednesday as at the time of publishing this currency update. However, information on the apex bank’s website showed N411.21/$1 as at November 2, 2021.
The CBN also displayed the  British Pound Sterling as of Tuesday at N561.6306/£1.

+ posts

Chimara Bygold

HE Central Bank of Nigeria (CBN) says Nigerians without Internet-enabled or Android phones will still make transactions on the eNaira platform.
Previous Story

eNaira: CBN Plans App For Persons Without Bank Accounts

Next Story

Anchor-Borrowers Scheme: Onion Producers Appeal To CBN For Inclusion

Featured Stories

Latest from Finance & Economy

Manufacturers Call for Natural Gas Shift to Maximise Production

Manufacturers in southeast Nigeria have urged a shift from diesel to natural gas to lower soaring energy costs and boost industrial growth, warning that unreliable and expensive power supply threatens the survival of factories. Adaora Chukwudozie, chair of the South-East region of

Tinubu Appoints Four New Permanent Secretaries

President Bola Ahmed Tinubu has approved the appointment of four new permanent secretaries to fill vacancies in Nigeria’s federal civil service, the government said on Thursday. The appointees are Warrens Bekearedebo Augusta from Bayelsa State, Jones-Nebo Nkiruka Bella from Enugu State, Aminu
HE Central Bank of Nigeria (CBN) says Nigerians without Internet-enabled or Android phones will still make transactions on the eNaira platform.
Previous Story

eNaira: CBN Plans App For Persons Without Bank Accounts

Next Story

Anchor-Borrowers Scheme: Onion Producers Appeal To CBN For Inclusion

Don't Miss

Naira Ends Week With N30 Gain In Black Market: Hope For Naira?

Naira Appreciate In Official Market, Black Market Hits N1000/$1

In a surprising turn of events, the Nigerian naira exhibited
Bukky Shonibare

How Invictus Africa Tackles Gender-based Violence, By Shonibare

NIGERIAN human rights activist and founder/executive director of Invictus Africa,