Naira has fallen against the U.S. dollar with a little difference at the official market on Monday, after which the local unit recorded small gains on Thursday and Friday last week.
The indigenous currency which opened at N413.85 ended at N415.00 to a dollar at the close of market on Monday.
Figures posted on the FMDQ securities exchange windows where forex is officially traded showed the market movement.
This represents N0.27 or 0.07% devaluation from the N414.73 rate to a dollar that was exchanged last Friday.
The terms displayed that Naira has hit an intraday high of N404.00 and a low of N459.85 before closing at N415.00 per $1 on Monday, with $225.94 million recorded as forex turnover at the end of the market for the day’s business.
Black market dealers in Uyo and Abuja, disclosed that, they exchanged the naira at N565.00 and sold between the range of N567 and N570.00 to a dollar on Monday, the same range the currency traded at the market segment last week Thursday and Friday.