The value of the Naira fell again on Monday against the dollar to exchange at N1,770 per dollar in the parallel market from N1,750 per dollar last weekend.
The naira equally depreciated to N1,675.62 per dollar in the Nigerian Autonomous Foreign Exchange Market, NAFEM.
Data from FMDQ showed that NAFEM rate for the naira against the dollar rose to N1,675.62 per dollar from N1,652.62 per dollar last weekend, marking a N23 depreciation for the naira.
The volume of dollars traded (turnover) declined by 55.2 percent to $108.79 million from $243.05 million traded last week Friday, thus expanding the margin between the parallel market and NAFEM rate to N117.38 per dollar from N97.38 per dollar last weekend.