The naira has depreciated against the dollar at the black market.

The Nigerian naira on Monday recorded a loss against the dollar at the parallel market. 

The naira exchanged N570/$1 compared to N565/$1 recorded as of the close of trading activities on Friday, 29th October 2021. 

This is according to information obtained by Nairametrics from BDC operators in Lagos.

The exchange rate between the naira and the US dollar closed at N414.98/$1, at the official Investors and Exporters window. 

Naira gained against the US dollar to close at N414.98/$1, Monday 1st November 2021, representing a 0.03% appreciation compared to N415.1/$1 recorded at the close of trading activities on Friday.