The naira on Wednesday sank further against the dollar at the official market, closing at N931.23/$.
The naira depreciated by 6 per cent to close at N931.23 to a dollar at the close of business, based on data from NAFEM where forex is officially traded.
This represents an N52.72 loss or a 6 per cent decrease in the naira compared to the N878.57 it closed at the previous day.
The situation was not any better at the parallel market at the naira depreciated to N1320/$, representing a 3.03 per cent decrease over what it closed the previous day, while peer-to-peer traders quoted around N1331.80/$.