iBlogTV: Naira Continues Crash Against Dollar…See Latest Exchange Rate

Naira Continues Crash Against Dollar…See Latest Exchange Rate

Nov 17, 2020

Naira Continues Crash Against Dollar…See Latest Exchange Rate

The Naira continued to depreciate against the dollar to close at 475/$1 at the parallel market on Monday, November 16.

This represents a N5 drop when compared to the N470/$1 that it exchanged for on Friday, November 13.

Recall that the naira had depreciated against the dollar, closing at N470/$1 at the parallel market on Friday, November 13, 2020.

This is despite the allocation of about $1 billion to Bureau De Change (BDC) Operators since September by the CBN.



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