The naira on Wednesday recorded a marginal depreciation against the dollar in the official foreign exchange (FX) market, despite increased foreign exchange inflows into the market.
Data obtained from the Central Bank of Nigeria (CBN) showed that the naira lost 0.12 per cent or N1.80 as the dollar was quoted at N1,536.73 yesterday, compared to N1,534.93 quoted on Tuesday at the Nigerian Foreign Exchange Market (NFEM).
In the parallel market, the local currency held steady at N1,545 per dollar.