The Nigerian currency, naira has depreciated further at the official and unofficial currency markets.
This was seen in a data released by the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) where forex is officially traded.
The naira which opened at N427.30 closed at N431.00 to a dollar at the end of trading on Tuesday, July 26.
The Nigerian currency depreciated further at the official and unofficial currency markets.
According to data released by the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) where forex is officially traded, the naira which opened at N427.30 closed at N431.00 to a dollar at the end of trading on Tuesday, July 26.
At the Black market traders sold the dollar between the N670 and N685 mark, taking advantage of the low dollar circulation.