The naira weakened further on Tuesday, sliding to N1,620 per dollar in the parallel market, compared to N1,615 on Monday.
In the official Nigerian Foreign Exchange Market (NFEM), the local currency also lost ground, falling to N1,590 per dollar from N1,583 — a depreciation of N7.
According to data from the Central Bank of Nigeria (CBN), the gap between the parallel market rate and the NFEM rate narrowed slightly, decreasing to N30 per dollar from N32 the previous day.
