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Naira remains stable across forex markets and parallel market, See current rate

On January 15, 2021, the exchange rate between the naira and the dollar remained stable to close at N394.67/$1 at the NAFEX (I&E Window) where forex is traded officially. 

 This is exactly the same rate that was recorded the previous trading day, 14 January 2021. Also, the exchange rate at the black market where forex traded unofficially maintained stability at N475/$1. 

The exchange rate at the parallel market closed at N475/$1 on the previous trading day of January 14, 2021. 

 This is as Nigeria’s external reserve continues to experience a steady rise. The exchange rate disparity between the parallel market and the official market is about N80.33, representing a 16.9% devaluation differential. 

 The Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Friday, closing at N394.67/$1, the same rate that it closed on the previous trading day. 

 The exchange rate between the naira and the US dollar for today (Monday, January 18th 2021),is ₦475/US$1 in the parallel market. 

Click the link below to see the current rate. Kindly share

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