The authorised dealers in the official market sold the United States Dollar (USD) at the rate of N774.77/$1 at the end of trading on Tuesday.

According to data released by the FMDQ Exchange, the dollar rate increased by N30.36 kobo compared to Monday’s closing rate of N744.41/$1.

This indicates the naira depreciated in value by 4.07 per cent in the Investors’ and Exporters’ window of the official market during the review period.

Furthermore, the data showed that the day’s high was N799.90/$1 rate, while the lowest rate for the day was put at N740.60/$1.

By the end of trading in the Investors’ and Exporters’ window, over $95.79 million was transacted among foreign exchange traders.

To read more, click on the link below
https://www.primebusiness.africa/authorised-dealers-increase-price-of-dollars/