Naira fell further against the United States dollar on the spot market on Wednesday, extending the local currency’s depreciation run at the segment to three days this week.
The rate translated to a N0.46 or 0.1 per cent depreciation from N464.67 per $1 it exchanged for in the previous session on Tuesday. According to the data, the segment experienced a Forex turnover of $267.04 million on Wednesday, leaving a total debt market size of N32.43 trillion. A 0.03 per cent increase from N32.42 recorded on Tuesday.
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