The foreign exchange market closed on Tuesday with the Naira stable at N475 and N474 on the black market and the Bureau De Change (BDC) segment.
The market has been under pressure since March 2020 following a sharp drop in oil prices as a result of Covid-19 pandemic.
At the Investors and Exporters (I&E) FX market, Naira appreciated by 0.31 percent as the dollar was quoted at N384.80 as against the last close of N386.00. Analysts at FSDH research said most participants maintained bids between N381.00 and N392.80 per dollar.
The daily foreign exchange turnover declined by 52.53 percent to $58.85 million on Tuesday from $111.38 million recorded on Monday, data from the FMDQ indicated.
