From N1,305 per dollar on Wednesday, the Naira lost value and dropped to N1,405 per dollar on the parallel market.
Likewise, the value of the Naira declined to N1,309.88 per US dollar on the Nigerian Foreign Exchange Market, or NAFEM.
The naira depreciated by N1.36 according to data from FMDQ, which indicated that the indicative exchange rate for NAFEM increased to N1,309.88 per dollar from N1,308.52 per dollar on Wednesday.
As a result, the difference in rates between the NAFEM and parallel market grew to N95.12 per dollar from N45.15 per dollar the day before.