The naira weakened against the United States dollar at the official market on Thursday, after it gained in the previous market segment on Wednesday.
The naira closed at N841.14 to a dollar at the authorised window on Thursday, data published on the FMDQ website showed.
The rate represents a 2.70 per cent decline from N818.99 per $1 it exchanged in the previous session on Wednesday .
The naira commenced trading at N806.00 on Thursday before closing at N841.14. The local currency experienced an intraday exchange low of N1140.00 and a high of N600.00 before it finally settled at N841.14 per dollar on Thursday.
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Similarly, the domestic currency fell against the US dollar at the parallel market on Thursday. According to Bureau De Change operators, the dollar was exchanged at N1,132.00 per $1 on Thursday as against N1,129.00 it traded in the previous market session on Wednesday.
The spread between the official and unofficial markets is N290.86 leaving a margin of 34.60 per cent as at the close of business on Thursday.
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