Naira Loses Ground Against Dollar on Last Day of November 2023

The Nigerian naira closed lower against the US dollar on Thursday, November 30, 2023, the last trading day of the month, according to data from the Nigerian Autonomous Foreign Exchange Market (NAFEM), where forex is officially traded.

The naira fell by 0.10% or 0.85 kobo to settle at N832.32/$1, compared to N831.47/$1 on Wednesday.

The naira experienced a volatile day, as the intraday high reached N1,137/$1 while the intraday low was N700.00/$1, creating a wide gap of N437/$1.

The official NAFEM window also recorded a decline in forex turnover, as it dropped by 17.76% to $115.41 million, from $140.34 million on the previous day.

The naira also weakened at the parallel forex market, where forex is sold unofficially. The exchange rate was quoted at N1165/$1, while peer-to-peer traders were quoted around N1168.55/$1.

The naira remained unchanged against the British pound at ₦1,450/£1, but slipped slightly against the euro to close at ₦1,219.301/€1, from ₦1,192.795/€1 on Wednesday. The Canadian dollar maintained the N900/CA$1 trading rate.

Newsflash Nigeria is an online newspaper that is developed and written exclusively for Nigerians. It’s packed with up-to-the-minute Local and National Economy News, Share & Capital Market, Health, Sports, Education, Technology, Business and Opinions.

To make further advert enquiries or place an order, please contact us at and +2348053316946 and WhatsApp number 08033546732


Ilesanmi Adekanbi

Ilesanmi Adekanbi, writers and loves writing the story of politics, He is a movie addict. Adekanbi is a Senior Content Creator at Newsflash Nigeria contact me on email:

Related Articles

Back to top button