Naira depreciated against the US dollar on Tuesday, representing the second consecutive bearish movement.
The naira has exchanged N430.67/$1 at the official foreign exchange market on Tuesday.
According to Nairametrics, the Naira depreciated against the US dollar on Tuesday, representing the second consecutive bearish movement after the exchange rate dipped by 0.29% to close at N430.67/$1 compared to N429.43/$1 recorded in the previous trading session at the Investors and Exporters window.
At the parallel market on Tuesday, naira depreciated by 0.15% to close at N688/$1 from N687/$1 recorded on Monday, 22nd August 2022.
This is according to information from black market FX traders.