Nigeria’s naira fell against the U.S. dollar at the unofficial market on Monday, data gleaned from abokiFX.com, a website that collates parallel market rates in Lagos showed.
Data posted on the FMDQ Security Exchange where forex is officially traded showed that the domestic unit closed at N411.25 at the trading session of the NAFEX window. The last time the currency hovered around the rate of N411.00 and above was on May 20 last week, when it exchanged hands with the hard currency at N411.31 per $1.
Why won't it fall am asking you?
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