- Naira Exchange Rate in Black Market Remains N736/$1 on 3rd January 2023
- Black exchange rate trades at N736/$1 on 3rd January 2023
The exchange rate between the naira and the US dollar remained flat on Wednesday, 4th January 2023 trading at an average of N736/$1 at the black market for the third straight day.
This is according to information from black market traders who spoke to Nairametrics.
On the other hand, the exchange rate at the P2P cryptocurrency Exchange depreciated on Wednesday morning, trading at a minimum of N748.95/$1, a 0.96% depreciation compared to N741.79/$1 recorded yesterday.
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Meanwhile, the exchange rate at the official investors and exporters (I&E) window started the year on a positive note with a 0.11% gain to close at N461/$1 from N461.5/$1 recorded as of the last session of 2021.
A total of $153.45 million was traded at the exchange on Tuesday, a decrease of 12.93% compared to the $176.24 million that exchanged hands the previous day. Nigeria’s external reserve stood at $37.08 billion as of 30th December 2022, a decrease of 0.02% from the $36.09 billion recorded as of the previous day.
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