Nigeria’s currency, the Naira, continued with recovery at both the official and unofficial foreign exchange markets on Tuesday.
According to FMDQ data at the close of the work day on Tuesday, the Naira appreciated by N177.68, exchanging at N815.32/$1.
The naira had depreciated against the Dollar at the foreign exchange market on Monday but returned to the path of recovery on Tuesday at the official market.
At the parallel market, the Naira exchanged at N1170/$1 on Tuesday from N1200/1$ on Monday.
The Minister of Finance, Wale Edun, last week had disclosed that the country would soon receive an inflow of $10 billion in foreign currency to mitigate the forex crisis.
