Sunday, May 16, 2021

Naira slumps further, exchanges for 473/$

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The naira has suffered further setback at the parallel market and Investors and Exporters forex window.

According to figures obtained from Bureau De Change operators, the naira exchanged to the dollar for 473/$ at the parallel market.

It had earlier gained in recent times after it closed the year 2020 at 467/$.

At the I&E window, the naira fell by 0.17 per cent to close at 394/$ on Tuesday.

It reached a low of 401 at the I&E window at the close of 2020.

The Central Bank of Nigeria however maintained the official exchange rate at N379/$ on its website.