The Naira on Tuesday depreciated at the official market, trading at ₦1,416.57 to the dollar.
The Naira lost ₦62.36, according to data from the FMDQ Exchange, the official trading platform that regulates the Nigerian Autonomous Foreign Exchange Market (NAFEM).
Compared to the previous trading date on Monday, when it traded at ₦1,354.21 to the dollar, this indicates a 4.60 percent loss.
On Tuesday, however, the overall daily turnover rose to 160.77 million dollars, from Monday’s recorded 84.83 million dollars.
In the meantime, the Naira fluctuated in value versus the dollar in the Investors and Exporters (I&E) window, moving between ₦1,445 and ₦1,301.
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