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Business & Investments1 posts

Naira falls to new low of 527 against dollar

77 dyla
01.09.2021

The Naira has further fallen since  Monday, sliding to a new low of 527 against the dollar at the equal market. 

The Naira , which has been on a descending pattern lately, tumbled to 524 against the dollar on Friday from 522/$1 on Thursday. 

At the Investors and Exporters' window, the naira, notwithstanding, fortified to 411.63/$1 on Monday from 412/$1 on Friday, as indicated by FMDQ Group. 

The naira had fortified to 506/$1 on August 4 subsequent to plunging to 525/$1 at the equal market on July 28, a day after the Central Bank of Nigeria halted unfamiliar trade deals to Bureaux de Change.The naira broadened its decay on Monday, sliding to an untouched low of 527 against the dollar at the equal market. 

 

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