Naira reverses gains at black market, falls to N515/$1 as demand pressure persists

Dollar, Exchange rate, FOREX, NAFEX market turnover drop by 59%, Naira crashes to N470/$1 as currency uncertainty worsens Wednesday, 11th August 2021: The exchange rate between the naira and the US dollar closed at N411.40/$1 at the official Investors and Exporters window. Naira appreciated against the US dollar to close at N411.40/$1 on Wednesday, representing a 0.02% gain when compared to the N411.50/$1 that was recorded the previous day. However, the naira depreciated at the parallel market […]

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