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Naira gains at official forex market

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Naira appreciated by 0.52 at the official market but recorded a slight decline at the unofficial markets on Tuesday.

The local unit appreciated 0.52 per cent from N431.00 to close at N428.75 to a dollar on Tuesday, data published on theForex turnover on Tuesday decreased 1.8 per cent to $113.64 million from $115.67 million recorded in the previous session on Monday.The naira hovered within an intraday high of N417.00 and depreciated to a low of N444.00 before closing at N428.75 per $1 on Tuesday.Currency dealers at the Uyo black market said they bought the dollar at N667.00 and sold it at N670.

At the Abuja parallel market on Tuesday, exchangers said the dollar was exchanged at N665.00 and sold at N668.00 at the close of business on Tuesday.

 

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