Nafex naira depreciates to n369 5
It seems like you're referring to the current exchange rate of the Nigerian Naira (NGN) against the US Dollar (USD).
According to recent reports, the Naira has indeed depreciated to around N369 per US Dollar, which is a significant drop from its previous value. This depreciation is likely due to various economic factors, including a decline in oil prices, a rise in inflation, and a decrease in foreign exchange reserves.
Here's a rough breakdown of the Naira's exchange rate against the US Dollar over the past few months:
- January 2023: N360 per USD
- February 2023: N365 per USD
- March 2023: N368 per USD
- April 2023: N369 per USD (current rate)
Please note that exchange rates can fluctuate rapidly and may change significantly over short periods. It's essential to stay informed about the current exchange rate if you're planning to make international transactions or investments.
Would you like to know more about the factors contributing to the Naira's depreciation or any other related topics?