On Thursday, November 28, 2024, the naira strengthened against the dollar in the official foreign exchange window. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) indicates that the Nigerian currency appreciated to ₦1,644.86 per US dollar, a gain of ₦15.97 compared to the previous day’s rate of ₦1,660.82 per US dollar on Wednesday, November 27, 2024.
In the parallel segment of the foreign exchange market, the naira remained stable against the dollar, trading at ₦1,750 per US dollar, the same rate as the previous day. The naira also held steady against the British Pound, trading at ₦2,255 per £1, consistent with the previous day’s rate.
The Canadian Dollar remained unchanged, maintaining a rate of ₦1,300 per CA$1.
Similarly, the naira closed flat against the Euro, trading at ₦1,850 per €1, the same as the rate on the previous day.