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NairaWatch: Investors rattled as Naira plunges to 480 against US dollar

By David Oladele

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NairaWatch, Naira and Dollar

Nigeria’s Naira has plunged against the United States’ dollar as the exchange rate as at today, Thursday, November 19, stands at ₦478 US$1 in the parallel market.

NairaWatch can report that the exchange rate on Thursday, November 19, closed at ₦478/US$1 in the parallel market.

  • Naira: ₦480
  • Dollar: $1
  • Date: November 20th, 2020

The exchange rate between Nigeria’s Naira and British pound sterling as at today, Friday, November 20, stands at ₦620/₤1 but closed at ₦607/₤1 on Thursday, November 19.

  • Naira: ₦620
  • Pounds Sterling: ₤1
  • Date: November 20th, 2020

The exchange rate between the local currency and European euro as at today, Friday, November 20, stands at ₦570/€1 and also closed at ₦557/€1 on Thursday, November 19.

  • Naira: ₦570
  • Euro: €1
  • Date: November 20th, 2020

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