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PARALLEL MARKET RATES
On October 17, 2024, the naira resumed its decline against the U.S. dollar, closing at N1,660.49 in the official Investors and Exporters (I&E) window.
The naira weakened against the U.S. dollar on October 9, 2024, closing at N1,625.13 in the official Investor and Exporter (I&E) window, as crude oil futures slipped slightly to around $76 per barrel.
The naira appreciated against the U.S. dollar, closing at N1,561.76 in the official Investor and Exporter (I&E) window, as global oil prices remained steady above $77 per barrel.
The exchange rate between the naira and the US dollar appreciated to N1,539.65 at the official Investor and Exporter (I&E) window on Wednesday, September 18, 2024, as the dollar weakened following a 50-basis point rate cut by the U.S. Federal Reserve.
The exchange rate between the naira and the US dollar depreciated to N1,656.49 at the official Investor and Exporter (I&E) window on Tuesday, September 17, 2024.