N500/$1: Naira Crashes to Record Low Against Dollar...See Latest Exchange Rate

 Nigerian naira suffered a shocking loss against the dollar witnessing a record low against the dollar.

 

Naira and dollar

 

The Naira exchanged N500/$1 at the parallel market on Friday, November 27, 2020, to see it crash to an all time low, according to Nairametrics.

 

This comes as Forex turnover dropped by 52.2%.

 

However, the Naira’s exchange rate at the NAFEX window appreciated against the dollar to close at N390.25/$1 during intra-day trading on Friday, November 27.