Naira Crashes Against Dollar…See Latest Exchange Rate

The Nigerian naira has depreciated against the dollar at the NAFEX window on Thursday, 25th March 2021 exchanging at N409.75/$1.

According to NairaMetrics, this represents a 0.24% decline, when compared to N408.75/$1 recorded on Wednesday, 24th March 2021.

However, in the parallel market, the naira remained relatively stable, as it closed at N486/$1, which is the same as recorded in the previous trading session.

Forex turnover on the other hand jumped by 394.4% from $34.76 million recorded on the previous day to $171.85 million as oil price continues its bearish trend.

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