• Tuesday, May 28, 2024
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BusinessDay

FX market opens with dollar trading at N380

FX market opens with dollar trading at N380

The foreign exchange market on Tuesday opened with the dollar trading at between N378 and N380 in Lagos black markets.

At Broad Srteet and Festac areas of Lagos, the dollar is trading at N380 while in Apapa it is selling at N378 per dollar.

“Dollar will not go down again,” one of the black-market operators at Broad Street told BusinessDay  on Tuesday.

At the close of business on Monday, the Nigerian Naira appreciated to N378/$ from the earlier trading of N380/$ across Lagos.