Naira has fallen massively at the black market as new exchange rate.
IDOMA VOICE reports that dollar to naira exchange rate between the naira and the US dollar closed at N416.67/$1 at the official Investors and Exporters (I&E) window, representing the first positive movement in the official market in the past four trading sessions.
The exchange rate at the I&E window appreciated marginally by 0.02% to close at N416.67/$1 on Monday, 21st February 2022 compared to N416.75/$1 recorded in the previous trading session.
Meanwhile, IDOMA VOICE reports that a total of $141.31 million in FX value exchanged hands on Monday, representing more than double the $64.03 million traded in the previous session.
On the other hand, Naira depreciated marginally by 0.17% to close at $576/$1 on Monday, 21st February 2022 compared to N575/$1 recorded on Friday, 18th February 2022. This dollar to naira exchange rate which is a massive fall from the N565/$1 it traded for weeks, according to information obtained from BDC operators.
Also dollar to naira exchange rate at the Peer-to-Peer (P2P) forex market depreciated by 0.18% to trade at a minimum of N582.05 to a dollar on Tuesday morning compared to N581/$1 recorded on Monday, 21st February 2022.
The dollar to naira exchange rate at the Investors and Exporters window closed at N416.67/$1 on Monday, 21st February 2022, representing a 0.02% gain compared to N416.75/$1 recorded in the previous trading session.
The crypto market resumed trading activities on Tuesday on the negative as the industry market capitalization sipped 1.42% to stand at $1.626 trillion in the earlier hours of Tuesday, 22nd February 2022, following a 1.36% decline recorded in the previous trading session.
In the same vein, bitcoin recorded a 1.19% decline as of 6:14 am on Tuesday to trade at $36,610. The flagship crypto-asset had witnessed a price decline of 1.87% in the previous trading session. Meanwhile, despite the marginal appreciation recorded in the price of Ethereum on Monday, it started the day on Tuesday with a 2.25% decline to trade at $2,511.41.
Meanwhile, the price of Solana as of press time, had depreciated by 1.56% to trade at $81.6975, Terra recorded a decline of 1.95% to trade at $49.1482538, while Uniswap dipped 2.23% to trade at $8.34.
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