Naira Depreciates Against Dollar…See Latest Exchange Rate

Naira Has Depreciate Against Dollar With The Latest Exchange Rate.

News Rain Nigeria reports that naira has depreciated against the dollar to close at N482/$1 at the parallel market.

This represents a 0.42% drop when compared to the N480/$1 that it closed on the previous trading day.

Naira Depreciates Against Dollar

Also, at the official Investors and Exporters (NAFEX) window, the naira also depreciated against the dollar exchanging at N410.25/$1.

This is as the CBN Governor has suggested that the official exchange rate has been devalued.

However, forex turnover at the Investor and Exporters (I&E) window decreased by 79.3% from $212.43 million recorded on Wednesday to $43.97 million on Thursday 25th February 2021.

The Naira depreciated against the US Dollar at the Investors and Exporters window on Friday closing at N410.25/$1. This represents a 0.39% drop when compared to N408.67/$1 recorded on Thursday, February 25, 2021.

Dollar at the Investors and Exporters window on Friday closing at N410.25/$1.

This represents a 0.39% drop when compared to N408.67/$1 recorded on Thursday, February 25, 2021.