The depreciation of the Nigerian currency, the Naira, against the United States (US) dollar persisted yesterday, with the naira trading at ₦1,540.57 in the official market.
Papers News reports that this decline is occurring amid a growing demand for dollars, which has resulted in the naira losing value against foreign currencies.
The Central Bank of Nigeria (CBN) has continued its interventions in the foreign exchange market to maintain the local currency within the ₦1,500 range.