The naira, on Wednesday, May 8, 2024, slightly depreciated at the official market, trading at N1,421.06 to the dollar.
Data from the official trading platform of the FMDQ Exchange, a platform that oversees the Nigerian Autonomous Foreign Exchange Market (NAFEM), showed that the naira lost N4.49.
This represents a 0.31 per cent loss when compared to the previous trading date on Tuesday when it exchanged at N1,416.57 to a dollar.
CBN orders banks to suspend charges on cash deposits till September
However, the total daily turnover increased to N164.74 on Wednesday, up from $160.77 million recorded on Tuesday.
Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,440 and N1,335 against the dollar.
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