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Naira slumps further against US Dollar at ₦412/$1

Naira continues on its downward slide against major currencies of the world as it dipped further against the US dollar to stand at an average of $1/N412.

Samuel Oyekanmi

1 min read

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Parallel market: Naira retains value against US Dollar at $1/N375

Naira continues its slide against major currencies of the world as it dipped further against the US dollar to stand at N412/$1.

The currency also depreciated against the Pounds Sterling as it currently costs ₤1/₦492 for sellers and ₤1/₦497 for customers buying. The US dollar is bought at the parallel market for $1/₦402 and sells for an average of $1/₦412 while Euro is bought for €1/₦410 and sold for €1/₦415.

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Data is collated from various black market dealers on the mainland and island of Lagos State where forex is sold. The price quoted daily on this page represents the average price obtained by our Research Team. Our prices are a guide and could be slightly different from the price you get when you eventually decide to buy or sell.

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Comments 1

  1. Tunde

    The Naira has appreciated against the Dollar. Recheck back

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