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Naira Exchange At Black Market, Today February 27, 2023

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Naira to Dollars

The naira today, Monday February 27, 2023 exchanged at 758 to the dollar in the unofficial black market on the first day after the conclusion of the country’s presidential and National Assembly elections on February 25, 2023.

GWG.ng reports that the value the naira exchanged today on Monday, February 27, 2023 was 0.26% lower than the N760 to the dollar it exchanged in the black market on Friday, February 24, 2023.

The moderate rise in the value of the naira today on February 27, 2023 could flow from the calm that many Nigerians are reacting with to issues flowing from the weekend presidential and National Assembly elections.

Meanwhile, the Naira on Friday exchanged at N416.17 to the dollar at the Investors and Exporters window.

The figure represented an appreciation by 0.03 per cent compared with the N461.33 it exchanged on Thursday.

The open indicative rate closed at N461.25 to the dollar on Friday.

An exchange rate of N462.03 to the dollar was the highest rate recorded within the day’s trading before it settled at N461.17.

The Naira sold for as low as N446 to the dollar within the day’s trading.

A total of 153.30 million dollars was traded at the official Investors and Exporters window on Friday.

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