Central Bank building
The naira fell to N1089.51/$ on the official Investor and Exporter window on Tuesday.
The currency fell by 27.19 per cent from the N856.57/$ it closed on Monday, according to data from the FMDQ Securities Exchange.
On Tuesday, the naira opened trading at N922.22/$, rose to a high of N1251/$ and low of N720/$ before closing at N1089.51/$.
Total forex turnover on the day was $97.45m.
This is the fourth time the naira will close below N1,000 on the official window.
On December 8, 2023, the naira fell to an all-time low of N1,099.05/$, on December 28, 2023, it closed trading at N1043.09/$, on January 3, 2024, the national currency closed at N1035.12/$.
Tuesdays N1089.51/$ is the second lowest the naira has closed on the official FX window since the Central Bank of Nigeria removed the rate cap of the currency. (Courtesy, excluding headline, The PUNCH)
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