Again, the Naira depreciated against the US dollar on Wednesday to stand at $1/N390, a N5 dip compared to $1/N385 recorded earlier today.
The currency also recorded a decline against the Pounds Sterling as it cost ₤1/N480 for sellers and ₤1/N485 for customers buying. The US dollar is bought at the parallel market at $1/N385 and sells for an average of $1/N390 while Euro is bought for €1/N405 and sold for €1/N410.