Naira fell significantly against the U.S dollar at the parallel market on Wednesday, as the currency exchanged hands with the hard currency at N562.00 per $1.
This implies a N5.00 or 0.90 devaluation from the N557.00 it traded on Tuesday.
Meanwhile, the naira remained stable against the greenback currency at the official market on Wednesday, as foreign exchange turnover remained unchanged from what was posted in the previous session on Tuesday.
Also, the forex turnover remained unchanged with $175.10 million recorded at the spot market, the same rate posted in the previous session on Tuesday.
The domestic unit hit an intraday high of N400.00 and a low of N414.90 at the trading session before closing at N412.06 on Wednesday.
