Naira Closes at N429 at Official Exchange Market

The exchange rate between the naira and the US dollar closed at N429.43/$1 at the official foreign exchange market.

The exchange rate dipped slightly to close at N429.43/$1 compared to N429.05/$1 representing a 0.09% depreciation.

Similarly, Naira traded at N691/$1 on Tuesday morning, at the peer-to-peer market, indicating a depreciation of 0.16% compared to N689.9/$1 recorded in the previous trading session.