Naira Weakens At I & E Window

Naira Falls To New Low At N550/$

Nigeria’s naira to dollar exchange rate weakened at the Investors and Exporters window on Monday, February 15, 2021, as demand for the greenback continues to increase.

Naira traded for as high as N422.59 at the Investors and Exporters window as the demand for the dollar rose by demand from both legitimate importers and foreign investors that wanted to repatriate their earnings.

The exchange rate at the I & E window closed at N409.67 to one dollar on Monday.

At the parallel market/black market, the naira to dollar exchange rate appreciated and closed at N473 to one dollar same as the rate on Friday last week.

About Author

Ife Ogunfuwa is an award-winning reporter who is versed in reporting business and economy, technology, gadgets reviews, telecoms, tax, and business policy review, among others. She loves telling stories behind the numbers. She has professional certifications in business and financial reporting. You can reach her via – [email protected]

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