The naira fell against the US dollar in the official market on Tuesday, after posting a small gain in the previous session on Monday.

However, the local unit again maintained stability in the parallel market segment.

According to data released on the Nafex window, the naira closed at N411.45 for $ 1 on Tuesday.

This implies a N0.32 or 0.10% appreciation against the N411.13 rate it traded in the previous session on Monday.

The currency experienced an intraday low of N420.86 and a high of N387.67 before closing at N411.45 when business closed on Tuesday.

Forex revenue fell 54.70% to $ 110.67 million recorded at the end of the trading session compared to $ 71.55 million posted in the previous session on Monday.

READ ALSO : Naira wins at the official window

However, the data published on abokiFX.com, a website that aggregates parallel market rates in Lagos, showed the naira again closed at N 503.00 for $ 1 at the black market window on Tuesday. This is the rate it has traded since June 30.

The spread between the black market and Nafex rates stood at N91.55, which is a spread of 18.20% at close of business on Tuesday.

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