Business
Naira Depreciates To ₦410 Per Dollar As Coronavirus Cases Increase To 81
TRACKING___Following the uncertainty in the foreign exchange market, the Naira depreciated at the parallel market on Friday evening.
Nigeria’s currency depreciated to N410 per one dollar at the parallel market, popularly known as the black market on Friday evening according to Aboki Fx. This development followed the suspension of sales of foreign exchange by the Central Bank of Nigeria (CBN) to the Bureau De Change operators (BDCs) due to the spread of Coronavirus.
The raging coronavirus and the crash in oil prices are having a huge effect on the global economy including that of Nigeria.
As at 11:55 pm 27th March there are 81 cases of confirmed #COVID19 reported Nigeria. 3 have been discharged with 1 death.
Current numbers from states;
Lagos- 52
FCT- 14
Ogun- 3
Ekiti- 1
Oyo- 3
Edo- 2
Bauchi- 2
Osun-1
Rivers-1
Enugu- 2
TOTAL – 81