The Naira on Tuesday fell to N1,610 per dollar in the parallel market, down from N1,600 per dollar on Monday.
In the Nigerian Autonomous Foreign Exchange Market, NAFEM, the Naira also depreciated to N1,592.06 per dollar from N1,579.22 per dollar the previous day, reflecting a decline of N12.84.
Data from FMDQ revealed that the indicative exchange rate for NAFEM increased to N1,592.06 per dollar.
The volume of dollars traded in NAFEM dropped by 6.5 percent to $152.26 million, compared to $162.99 million on Monday. As a result, the gap between the parallel market rate and the NAFEM rate narrowed to N17.94 per dollar from N20.78 per dollar.
