Nigeria’s naira fell against the U.S. dollar at the I&E window of the foreign exchange market on Tuesday, as foreign exchange supply increased significantly.where forex is officially traded, the naira closed at N411.00 at the trading session of the NAFEX window.
The domestic currency’s performance on Tuesday represents a 0.31 per cent devaluation from N409.75, the rate at which the naira closed at the previous session on Monday.This happened as forex turnover increased by 18.04 per cent, with $53.53 million recorded as against the $45.35 million posted in the previous session on Monday.