The Naira on Wednesday, April 24, depreciated to N1,305 per dollar in the parallel market, from N1,255 per dollar on Tuesday.
Also, the Naira fell in the Nigerian Foreign Exchange Market, NAFEM, to N1,308.52 per dollar.
Data from FMDQ showed that the indicative exchange rate for NAFEM rose to N1,308.52 per dollar from N1,300.15 per dollar on Tuesday, indicating N8.37 depreciation for the naira.