The exchange rate between the naira and the US Dollar fell on Monday to close at N411.88/$1 at the Investors and Exporters window
Naira depreciated against the US Dollar on Friday as it closed at N411 to a dollar at the NAFEX window as oil price rallies to $69.36...
Nigeria’s overdependence on Oil has brought about high dollarization in Africa’s biggest economy.
Naira appreciated against the US Dollar on Monday to close at N409.2 to a dollar as Nigeria's external reserve loses an additional $36.65 million.
Naira appreciated marginally against the US Dollar on Thursday as dollar supply decreased by 79.3%.
Naira closed against the US Dollar at N410/$1 on Friday, 19th February 2021, indicating a drop of 0.54%
The exchange rate between the Naira and the US Dollar traded for as high as N422.59 at the I&E window.
The exchange rate between the Naira and the US Dollar weakened at the NAFEX (I&E Window) to close at N398.5/$1 on Monday.
Nigeria's external reserves rose to the highest level since July 2020
The U.S dollar dropped amid worries about the second wave of COVID-19 caseloads in the emerged markets.