Accurate Dollar To Naira Black Market Today Naira maintained stability against the U.S. dollar at the official market on Wednesday, a day after the local currency declined against the greenback.
According to premiumtimesng Data published on FMDQ securities exchange windows where forex is officially traded showed that the naira closed at N415.10 to a dollar on Wednesday, the same rate it exchanged on Tuesday at the spot market.
Forex turnover decreased by 33.50 percent, with $215.29 million recorded at the close of business on Wednesday against the $323.56 million posted in the previous session on Tuesday.
Naira hit an intraday high of N404.00 and a low of N444.00 before closing at N415.10 to a dollar on Wednesday.
At the black market in Uyo and Abuja, dealers exchanged the naira with the greenback currency at N567.00 and N566.00 per $1 respectively, and was sold at N570.00 to a dollar.
The spread between the official and black market rates is pegged at N151.9 or N150.9, with a discrepancy of 26.70 per cent (if exchanged at N566) or 26.80 per cent (if exchanged at N567).