Tag
NAIRA
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 closed at N400/$1 at the I&E window for the second consecutive day.
The exchange rate between the Naira and the US Dollar traded for as high as N422.59 at the I&E window.
Nigerian Government has disagreed with the recommendations of the IMF to further devalue the naira.
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.
The exchange rate at the black market where forex is traded unofficially depreciated at N480/$1 and during the intraday trading at NAFEX.
The US dollar stands at ₦470/US$1 in the parallel market
Nigeria's external reserves rose to the highest level since July 2020
At the black market where forex traded unofficially, the exchange rate depreciated to close at N472/$1.
The Naira crashed again to an over 3-year low against the dollar, closing at N500/$1 at the parallel market.
At the black market, the Naira depreciated against the dollar to close at N487/$1 on Wednesday.
The naira hit another new low as it depreciated again against the dollar, closing at N484/$1 at the parallel market.