The naira took a low blow, as it depreciated against the US dollar on Friday at the parallel market to close at N502 to a dollar. This represents a N3 drop when compared to the N499/$1 that was recorded on Thursday, June 4, 2021
However, the exchange rate between the naira and the US dollar closed at N410.75/$1 at the official Investors and Exporters window.
Naira appreciated against the US dollar on Friday to close at N410.75 to a dollar, representing a 0.04% gain compared to N410.9/$1 recorded on Thursday, 3rd June 2021.
The local currency closed the week at the lowest in 7 months as speculations continue to affect operations at the forex market.
