Naira gained significantly against the U.S. dollar at the parallel market on Tuesday, after crashing to an all-time low of N710.00 last week. Currency traders in Abuja and Uyo said they bought the dollar at about N635 and sold between N640 and N645 on Tuesday, against N685 it traded in the previous session on Monday. A lot of traders closed up their shops due to losses incurred,” a currency dealer in Uyo, said. “The demand for dollar was very low today,” he added. READ ALSO: Naira weakens against dollar again at official marketHowever, the naira lost at the official market on the same day.

Source: The Guardian August 04, 2022 07:27 UTC