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Naira Crashes Against Dollar...See Latest Exchange Rate

Posted by Thandiubani on Fri 26th Mar, 2021 -

The Nigerian naira has suffered a loss against the dollar at the exchange rate market.

Naira and dollar
Naira and dollar
The Nigerian naira has depreciated against the dollar at the NAFEX window on Thursday, 25th March 2021 exchanging at N409.75/$1.
According to NairaMetrics, this represents a 0.24% decline, when compared to N408.75/$1 recorded on Wednesday, 24th March 2021.
However, in the parallel market, the naira remained relatively stable, as it closed at N486/$1, which is the same as recorded in the previous trading session.
Forex turnover on the other hand jumped by 394.4% from $34.76 million recorded on the previous day to $171.85 million as oil price continues its bearish trend.


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