Naira weakened significantly against the United States dollar on the Investors and Exporters (I&E) window on Wednesday, data posted on the FMDQ securities exchange window where forex is officially traded showed.
The decline occurred as foreign exchange supply within the market segment plummeted substantially.
According to the FMDQ data published, the naira closed at N763.17 per $1 on Wednesday. This implies a N6.56 or 0.87 per cent fall from N756.61, the local unit traded in the previous session on Tuesday.
