The naira, on Tuesday, May 7, 2024, depreciated at the official market, trading at N1,416.57 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 N62.36.
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This represents a 4.60 per cent loss when compared to the previous trading date on Monday when it exchanged at N1,354.21 to a dollar.
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However, the total daily turnover increased to 160.77 on Tuesday, up from $84.83 million recorded on Monday.
Meanwhile, at the Investors and Exporters (I&E) window, the naira traded between N1,445 and N1,301 against the dollar.
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