The Naira, on Tuesday, recorded a second consecutive depreciation against the dollar in the official foreign exchange market.
Data from the Central Bank of Nigeria shows that the Naira weakened to N1,549.04 on Tuesday, from N1,548.52 traded on Monday.
This indicates that the Naira declined by N0.52 against the dollar on a day-to-day basis.
Meanwhile, in the black market, it remained flat at N1,595 per dollar on Tuesday, the same rate exchanged on Monday.
The Naira also recorded depreciation against the dollar on Monday in the official market, but gained on the parallel market.