Struggling Naira: See current exchange rate to dollar at parallel market

The naira exchanged to the dollar at the rate of 480/$ at the parallel market on Friday according to the Bureau de Change operators.

At the Importer & Exporter forex window, it reached a high of 435/$ before closing at 410/$.

The Central Bank of Nigeria recently disclosed that the naira depreciated at the official market to 410 against the dollar.

“In order to adjust for the decrease in supply of foreign exchange, the naira depreciated at the official window from 305/$ to 360/$ and now hovers around 410/$,” it stated.