Nigerian Foreign Exchange Market Records Increased Dollar Turnover in Q1'24

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Nigerian Foreign Exchange Market Records Increased Dollar Turnover in Q1'24
Nigerian Foreign Exchange Market,Dollar Turnover,Q1'24

The volume of dollar traded in the official Nigerian Foreign Exchange Market increased by 95% to $12.68 billion in Q1'24. The market recorded a turnover of $2.14 billion in January, which increased to $5 billion in February and $5.54 billion in March. Turnover in the fourth week of March reached $1.98 billion, the highest weekly turnover in the month.

The volume of dollar traded in the official Nigerian Foreign Exchange Market increased by 95% to $12.68 billion in Q1'24. The market recorded a turnover of $2.14 billion in January, which increased to $5 billion in February and $5.

54 billion in March. Turnover in the fourth week of March reached $1.98 billion, the highest weekly turnover in the month.

 

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US Dollar to Nigerian Naira Black Market Exchange RateUS Dollar to Nigerian Naira Black Market Exchange RateThe US Dollar to Nigerian Naira exchange rate in the Nigerian black market had an average of ₦1,315.817.00 today, 31/03/2024. This page converts USD to NGN using live currency rates.
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