The naira recorded a slump against the US dollar on Friday, 16th April 2021.

The naira and the US dollar closed at N411/$1 at the Investors and Exporters window, where forex is traded officially.

This represents a 0.12% fall compared to N410.5/$1 recorded on Thursday, 15th April 2021.

The Naira, however, remained stable at the parallel market to close at N482/$1 on Friday, 16th April 2021.

The naira maintained its rate at N482 to a dollar in the parallel market for the week.