Breaking news as the naira has seen an increase in value against the US dollar in the official foreign exchange market this week.
Data from FMDQ revealed a rise to N1,390.96 per dollar on Tuesday, up from N1,419.11 on Monday.
This marks a gain of N28.15 or 1.98% against the dollar compared to the previous day’s rate of N1,419.11.
It is noteworthy that the naira had been experiencing a downtrend against the dollar in the official market until Tuesday.
On another note, the naira experienced depreciation at the parallel market, dropping to N1,360 per dollar on Tuesday from N1,280 the day before.