Naira falls at official market amid cash crunch

Naira fell slightly against the United States dollar at the Investors and Exporters window on Wednesday, a day after it recorded marginal gain at the spot market in the midst of currency scarcity across the country.

According to data posted on FMDQ website, where forex is officially traded, the local currency closed at ₦461.60 per $1 on Wednesday.

This implies a 0.06 per cent depreciation from N461.50 to a dollar it traded in the previous session on Tuesday.