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Naira Reaches All Time Low As It Sells For N570/$ At Parralel Market

Posted on October 15, 2021October 15, 2021 By Butosh No Comments on Naira Reaches All Time Low As It Sells For N570/$ At Parralel Market

The value of the naira fell further by 1.68 per cent against the dollar at the official market on Thursday.

At the Investor & Exporter foreign exchange window, the local currency opened at 413.15/$1 on Thursday but closed at 422.07/$1.

The naira had depreciated by 0.19 per cent to 415.10/$1 on Wednesday after closing at 414.30/$1 on Tuesday.

At the parallel market, the dollar was bought at N565 and sold for N570, according to some operators in the black market.

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The Central Bank of Nigeria, however, maintained N410.91/$1 as its official rate on its website.

Source: PUNCH

News Tags:Finance

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