ABIA GOVT BERATES NDC GUBERNATORIAL CANDIDATE OGAH OVER CLAIMS OF SUPPORTING ATIKU. (PHOTO).
The Nigerian Naira delivered an impressive performance, experiencing a significant surge against the US Dollar at black market.
On Wednesday, June 21, 2023, the Naira traded at an average exchange rate of N758/$1, marking a remarkable increase of 2.82% compared to the previous day’s trading session where the Dollar was valued at N780/$1.
Reports from BDC traders, confirmed this exhilarating upward trend, sparking interest among market participants.
However, the Naira faced a considerable decline against the British Pound, trading at an average exchange rate of N970/£1 on June 21, 2023.
This indicates a 1.78% decrease compared to the exchange rate of N953/£1 recorded in the previous trading session on Tuesday, June 20th, 2023.
Furthermore, the Naira experienced a 0.61% depreciation against the Euro, trading at an average exchange rate of N820/€1 on June 21, 2023.
This contrasts with the previous trading session, where the Naira was valued at N815/€1.
Breakdown of the currency rates is given as below:
Naira/Dollar (NGN/USD)
Buy rate – N755/$1
Sell rate – N758$1
Naira/Pound (NGN/GBP)
Buy rate – N950/£1
Sell rate – N970/£1
Naira/Euro (NGN/EUR)
Buy rate – N805/€1
Sell rate – N820/€1
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