Forex supply plummeted by 19.82 per cent with $ 98.52 million recorded at the close of business on Tuesday as against the $122.91 million posted in the previous session on Monday.
Naira gained against the dollar at the official exchange rate market by 0.24 per cent on Tuesday.
According to data published by FMDQ, where forex is officially traded, it showed the naira closed at N419.50 to a dollar on yesterday.
Premium Times reported that this represents a N1.02 or 0.24 per cent appreciation from N420.25 it exchanged hands with the greenback currency in the previous session on Monday.
At the black market, naira which touched the N600 and above mark fortnight ago clinched a significant gain across states in the country.
In the Uyo black market, the naira was exchanged at N595.00 and sold at N598.00 to a dollar on Tuesday, as against N603.00 and N605 it exchanged and sold in the previous session on Monday.
Also, at Abuja street market, currency dealers said the naira was exchanged at N595.00 and sold N597.00 per $1 on Tuesday.
Forex supply plummeted by 19.82 per cent with $ 98.52 million recorded at the close of business on Tuesday as against the $122.91 million posted in the previous session on Monday.