The Naira on Wednesday depreciated at the official market, trading at N1,625.13 to the dollar.
Data from FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market, revealed the Naira lost N63.37.
This represents a 4.05 percent loss when compared to the previous trading date on Tuesday when it exchanged at N1,561.76 to a dollar.
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Also, the total daily turnover reduced to $170.6 million on Wednesday down from $253.68 million recorded on Tuesday.
At the Investor’s and Exporter’s window, the Naira traded between N1,652 and N1,560 against the dollar.
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