Dollar rate falls at official market, USD, euro and pound rise in black market

The value of the dollar fell in the investors’ and exporters’ window on Tuesday, as the naira appreciated against the United States currency by 1.78%.

According to the FMDQ Exchange, the platform aggregating the official market rate, the naira to dollar rate closed at N756.61/$1.

The data obtained showed that the authorised dealers and their clients cut the price of the dollar down by N13.77 kobo, as they had traded the American greenback at N770.38/$1 rate on Monday.