Naira Crashes As It Closes On N500/$1…See Latest Exchange Rate

November 27, 2020
59 Views
Naira and dollar

Naira and dollar

The naira on Thursday, 26th November 2020 crashed further against the dollar to exchange at N495/$1 at the parallel market.

This is as a result of CBN’s forex policies restricting access to dollars on the official window thereby putting more demand pressure on the black market.

The latest loss represents an N8 drop when compared to the N487/$1 that it exchanged for on Wednesday, November 25.

However, the Naira remained stable against the dollar at the Investors and Exporters (I&E) window on Wednesday, closing at N393.25/$1.

You may be interested

UAE lifts ban on travelers from 12 African countries
News
4 views
News
4 views

UAE lifts ban on travelers from 12 African countries

Webby - January 27, 2022

FILE PIC: Kenya national carrier, Kenya Airways plane. /AP FILE PIC: Kenya national carrier, Kenya Airways plane. /AP The United…

Buhari inaugurates 3 million tonnes BUA cement plant in Sokoto
News
2 views
News
2 views

Buhari inaugurates 3 million tonnes BUA cement plant in Sokoto

Webby - January 27, 2022

President Muhammadu Buhari on Thursday in Sokoto inaugurated a new 3 million metric tonnes per annum BUA Cement Sokoto Line…

BREAKING: Police debunk helicopter crash, claim pilot, others not injured
News
2 views
News
2 views

BREAKING: Police debunk helicopter crash, claim pilot, others not injured

Webby - January 27, 2022

The Nigeria Police Force has debunked reports that its helicopter crashed in Bauchi State. This was contained in a statement…

Leave a Comment

Your email address will not be published.