The Naira depreciated on Wednesday at the official market, trading at ₦1,681.65 to the dollar.
Data from the FMDQ Exchange’s official trading platform, which oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), revealed that Naira lost ₦10.33.
This represents a 0.61 per cent loss when compared to the previous trading date on Tuesday when it exchanged at ₦1,671.32 to a dollar.
Also, the total daily turnover was reduced to 196.78 million dollars on Wednesday, down from 218.77 million dollars recorded on Tuesday.
At the Investor’s and Exporter’s (I&E) window, the Naira traded between ₦1,690.00 and ₦1,620.00 against the dollar.