Naira Crashes to Record Low Against Dollar



The naira exchanged N411.63/$1 at the Investors and Exporters window on Tuesday, forcing the currency crash to a 3-month low.

The depreciation represents a 0.59% drop when compared to N409.2 recorded on the previous trading day.

Ministry of Foreign Affairs Massive Job Recruitment Exercise 2022 - 132 Positions

Meanwhile, the naira appreciated against the dollar at the parallel market to close at N480/$1 on Tuesday, March 2, 2021. This represents a N2 gain when compared with the N482/$1 that it closed on the previous trading day.

Although forex turnover at the Investor and Exporters (I&E) window rose by 142.7% from $24.38 million recorded on Friday to $59.17 million on Tuesday, March 2, 2021, the dollar supply still remains low.

News Search Terms

Latest News in Nigeria  , Naija Gist Amebo, Instant Naija Newspapers, Naija News ,Naija News Now, Legit News, Talk of Naija News, Naija News Gossip, Nigeria news, Latest Naija News Loaded, Nigeria Latest News, Nigeria Breaking News, Today News in Nigeria , Latestnewsinnigeria

Ad: Get Auto Insurance Online, Geico Insurance, Start Online College Today


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.