Friday, 25th June 2021: The exchange rate between the naira and the US dollar closed at N411.67/$1 at the Investors and Exporters window, where forex is traded officially.
Naira remained stable against the US dollar on Friday to close at N411.67 to a dollar, the same as recorded on the previous day. It however represents a 0.16% depreciation for the week compared to N411/$1 recorded on Friday, 18th June 2021.
Also, the exchange rate remained flat at the parallel market to close at N500/$1 on Friday, 25th June 2021, the same as recorded on Thursday. Nigeria’s external reserve, however, plunged $45.33 million on Thursday, 24th June 2021, bringing its month-to-date loss to $681.9 million.
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