The exchange rate between the naira and the US dollar on Friday closed at N412/$1 at the Investors and Exporters forex window.
The naira depreciated against the US dollar on Friday at the official NAFEX window to close at N412 to a dollar.
This represents a 0.24% decline compared to N411/$1 recorded on Thursday.
Naira however remained stable on Friday at the parallel market to close at N495/$1 having depreciated from N493/$1 recorded on Thursday. Meanwhile, forex turnover declined by 55.5% to stand at $156.06 million on Friday.
At the NAFEX window, the Naira depreciated against the US dollar at the Investors and Exporters window on Friday to close at N412/$1, representing a N1 decline when compared to the N411/$1 that was recorded the previous day.
The opening indicative rate delined by 7 kobo to close at N411.01 to a dollar on Friday, 28th May 2021, as against N411.08/$1 recorded on Thursday.
An exchange rate of N430 to a dollar was the highest rate recorded during intra-day trading before it settled at N412/$1. It also sold for as low as 400/$1 during intra-day trading.
Forex turnover at the Investors and Exporters (I&E) window decreased significantly by 55.5% on Friday.
