BREAKING: Naira Falls Back After Free Crash To Dollar, See New Exchange Rate

BREAKING: Naira Falls Back After Free Crash To Dollar, See New Exchange Rate

Naira has fallen back after free crash to dollar, access new exchange rate below.

Onyxnewsng reports that Naira clinched a meagre gain against the U.S. dollar at the official market on Tuesday, February 22, 2022, extending its appreciation at the spot market segment to a second day.

Dollar to naira exchange rate at the official market closed at exactly N416.00 per $1 on Tuesday, a N0.67 or 0.16 per cent appreciation from N416.67 it exchanged on Monday, data posted on the FMDQ website where forex is officially traded showed. That became significant as foreign exchange turnover declined slightly from what was recorded in the previous session on Monday, February 21, 2022.

Forex turnover plummeted by 1.70 per cent at the close of business on Tuesday with $138.95 million posted against the $141.31 million recorded on Monday.

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Naira reached an intraday high of N406.00 and a low of N444.00 before closing at N416.00 at the close of business on Monday.

The Federal Capital Territory, commonly known as FCT, Abuja black market dealers exchanged the naira at N573.00 to a dollar and sold at N575.00 on Tuesday, February 22, 2022.