The exchange rate between the Naira and the US Dollar closed at N410/$1 at the Investors and Exporters window as oil prices hit $65.24 per barrel.
Naira remained stable on the NAFEX window to stand at N470 to a dollar, which is the same rate it closed on the previous trading day.
Also, Naira depreciated on the parallel market to close at N480/$1 on Monday, 22nd February 2021.
This represents a N2 drop when compared to N478/$1 recorded on Friday, 19th February 2021.
Brent Crude oil price hit a record high as it closed at $65.24 per barrel as Goldman Sach’s projection indicates bullish trades in Q2 2020.
The exchange rate between the Naira and Dollar at the Investors and Exporters (I&E) window maintained the same rate as recorded on Friday last week to close at N410/$1 on Monday, 22nd February 2021.
