The Naira recorded a marginal depreciation against the Dollar in the foreign exchange market for the first time since March 2024 amid the decline of FX reserves.
FMDQ data showed that the Naira dropped after months of stability to N1,148.14 per Dollar on Tuesday from N1,136.04 on Monday.
This represents N12 or 1 per cent depreciation compared to the N1,136.04 recorded on Monday.
Similarly, the parallel market depreciated to N1,100 per Dollar in the parallel market, from N1,050 per Dollar on Monday.
The Naira recorded a N50 depreciation against the Dollar in the black market.
