By Babajide Okeowo
The exchange rate between the naira and the US dollar closed at N557/$1 compared to N550/$1 recorded in the previous trading session
On the other hand, the Naira appreciated against the US dollar on Tuesday, to close at N412.08/$1 at the official Investors and Exporters window.
This is against the N412.75/$1 recorded at the close of trade on Monday, 13th September 2021, representing a 0.16% gain.
While the exchange rate at the parallel market depreciated again to another all-time low on Tuesday to close at N557/$1 compared to N550/$1 recorded in the previous trading session. It represents a 1.3% depreciation and further widens the gap between the black market rate and the official rate.