Naira falls massively first day of May 2022 (See new exchange rates)

Naira has further devalued massively against the US dollar on the first day of May 2022, See New Exchange Rates below.

IDOMA VOICE reports that the naira exchanged at N419.00 to the dollar at the Investors and Exporters window on Friday, a -0.12 percent depreciation, compared to 418.50 to the dollar.

The open indicative rate closed at N417.30 to the dollar on Friday.

An exchange rate of N444 to the dollar was the highest rate recorded within the day’s trading before it settled at N419.00.

The Naira sold for as low as 410 to the dollar within the day’s trading.

A total of 158.55 million dollars was traded in foreign exchange at the official Investors and Exporters window on Friday.