Naira has crashed at the official market despite forex supply improvement.

The Naira at the official market has crashed despite forex supply improvement.

The information gathered by Eaglesforesight from Newsonline reports that the exchange rate between the naira and the US dollar closed at N415/$1 at the official Investors and Exporters (I&E) window.

Naira depreciated against the US dollar on Monday to close at N415/$1, representing a 0.07% drop compared to N414.73/$1 recorded in the previous trading sessions as drop in the country’s external reserve continues with a decline of $33 million.