Naira Falls Against Dollar At The Official Market

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Naira Falls Against Dollar At The Official Market

The naira on Monday, 8th August 2022 depreciated against the dollar at the Investors and Exporters (I&E) window.

According to Nairametrics, the naira closed at N431/$1.

Naira started the week on a bearish note, with a 0.67% depreciation to close at N431/$1 compared to N428.12/$1 recorded in the previous trading session. This is despite a 60.83% increase in the amount of forex traded in the market at $115.67 million.

In the same vein, at the peer-to-peer market, naira fell to N670.4/$1 on Tuesday morning from N662.4/$1 recorded as of the same time on Monday, representing a 1.21% decline compared to the previous day.