The naira fell against the U.S. dollar at the official market on Tuesday, after it clinched a slight gain in the previous session on Monday.According to data posted on the Nafex window, the naira closed at N411.45 per $1 on Tuesday.
This implies a N0.32 or 0.10 per cent appreciation from 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 as of the close of business on Tuesday. The forex turnover plummeted by 54.70 per cent, with $110.67 million recorded at the end of the market session as against the $71.55 million posted in the previous session on Monday.