The Naira has further crashed at the official market as foreign reserves dipped further.
The exchange rate between the Naira and the US dollar closed at N415.07/$1, at the Investors and Exporters (I&E) window, where forex is traded officially.
Naira depreciated against the US dollar on Wednesday with a 0.07% fall to close at N415.07/$1 compared to N414.8/$1 recorded on Tuesday, 23rd November 2021. Similarly, forex turnover at the official window recorded a marginal decrease of 12.9% to $243.34 million.
It was gathered that the Naira fell marginally at the parallel market, as it closed at N560/$1, representing a 0.18% depreciation compared to N559/$1 recorded in the previous trading session. This is according to information obtained from BDC operators in Lagos.