The Naira the outdated day depreciated to N1,645 per dollar from N1,640 per dollar on Tuesday.
On the opposite hand, the Naira appreciated to N1,539.65 per dollar in the Nigerian Autonomous International Alternate Market, NAFEM.
Data from FMDQ confirmed that the indicative commerce rate for NAFEM fell to N1,539.65 per dollar from N1,656.49 per dollar on Tuesday, indicating N116.84 appreciation for the naira.
The amount of bucks traded (turnover) in the legitimate market grew by 38.9 percent to $139.Forty eight million from $100.39 million traded on Tuesday.
Consequently, the margin between the parallel market and NAFEM rate widened to N105.35 per dollar from N16.49 per dollar on Tuesday.
