Naira crashes against dollar, checkout new rate

NAIJ.com findings on Tuesday, April 19, show that the naira has plummeted against the dollar in the parallel market.

This is coming after the Nigerian currency had remarkably strengthened against the dollar in parallel market on Monday, April 18.

According to our Bureau De Change (BDC) source, the naira now trades for between N319 and N320 as against the N318 – N320 it was on Monday, April 18.

READ ALSO: Naira plummets against the dollar, sells for N319

“Today, it is being sold at N319, although some are selling at N320,” one of BDC sources informed.

Throughout last week, the naira maintained a strong stand against the dollar, a situation which had been absent in the parallel market for the past few months.

Many had said the naira will likely stay firm against the dollar this week, but that doesn’t seem to be going quite well as the nation currency is presently hovering around N319 – N320.

READ ALSO: Naira stays strong at 318-320 against dollar in parallel market

NAIJ.com team will continue to bring you daily updates of the naira exchange rates.

You can also get authentic exchange rates and check out real deals for dollar exchange via our platform bdc.naij.com.

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