Naira slips across forex markets

Naira fell against the United States dollar at both the official and unofficial markets on Wednesday, data published by FMDQ showed.

According to the data, the local unit closed at N931.23 per dollar at the official window on Wednesday. The rate implies a N52.70 or 6.0 per cent depreciation from the N878.57 rate recorded in the previous session on Tuesday.

Similarly, the naira plunged further at the unauthorised window on Wednesday.