The naira recorded a loss against the dollar at the exchange rate market yesterday.
Naira and Dollar
Nigerian naira lost N1 at the parallel market as it depreciated against the dollar on Tuesday, 30th March 2021, closing at N486/$1.
However, the exchange rate between the naira and the US Dollar closed at N409/$1 at the Investors and Exporters window.
The naira appreciated against the US Dollar on Tuesday, 30th March 2021 gaining for the third consecutive day at the NAFEX window to close at N409 to a dollar despite very low dollar supply.
This represents a 0.03% gain, when compared to N409.13/$1 recorded on Monday, 29th March 2021.