The new dollar exchange rate to naira has taken another rise as of today.
On Wednesday, October 12, 2022, the black market rate for the naira was N730 to $1.
This is based on the information that MandyNews.com gathered from black market merchants.
Following the public holiday on Monday, when there was no trading, the exchange rate between the naira and the US dollar at the I&E official window ended at N441.17 to $1 on Tuesday, October 11, 2022.
As a result of Monday’s official market being closed for the federal government-proclamated holiday honoring Id el Maulud celebration, a total of $73.66 million in FX was traded on Tuesday, October 11, 2022.