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NairaWatch: Naira appreciates against US dollar after Buhari’s budget presentation

BY David Oladele

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Naira to Dollar

Nigeria’s Naira has appreciated against the United States’ dollar as the exchange rate as at today, Friday, October 9, stands at ₦457/US$1 in the parallel market.

This is happening less than 24-hours after President Muhammadu Buhari presented Nigeria national budget for year 2021.

Meanwhile, Nairawatch had reported that the exchange rate on Thursday, October 8, closed at ₦458/US$1 in the parallel market.

  • Naira: ₦457
  • Dollar: $1
  • Date: October 9th, 2020

Nigeria’s Naira has also appreciated against British pound sterling as the exchange rate as at today, Friday, October 9, stands at ₦595/₤1 but closed at ₦597/₤1 on Thursday, October 8.

Budget

President Buhari presenting the budget 2021 during a joint session of the NASS on Thursday, October 08, 2020

  • Naira: ₦595
  • Pounds Sterling: ₤1
  • Date: October 9th, 2020

This reliable medium can report that the local currency has also appreciated against European euro as the exchange rate as at today, Friday, October 9, stands at ₦537/€1 but closed at ₦540/€1 on Thursday, October 8.

  • Naira: ₦537
  • Euro: €1
  • Date: October 9th, 2020

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