Naira fell against the United States dollar at both the authorised and unauthorised markets on Monday, data published by FMDQ and parallel market traders showed.
According to the data, the domestic currency closed at N1,348 per $1 at the official window on Monday. The rate represents a N528.1 or 51.1 per cent depreciation from the N891.90 rate recorded in the previous session last Friday.
The naira experienced an intraday high of N701.0 and a low of N1,414.94 before it finally closed at N1,348 on Monday amidst soaring demand for the greenback.
