The naira on Thursday shedded N81.34 against the US dollar at the foreign exchange market.
Data from the FMDQ showed that the naira plummeted to N1,154.08 per dollar on Thursday from N1,072.74 on Wednesday.
This represents 7.04 per cent loss against the dollar compared to N1,072.74 per dollar traded the previous day.
At the parallel market, the naira depreciated to N1,100 per dollar on Thursday as against N1,040 on Wednesday.
This is the second time the naira would be depreciating against the dollar in three days, amid uncertainty over the depleting foreign exchange reserves
The reserves dropped to $32.29 billion as at April 15, reigniting debate of how long the Central Bank of Nigeria, CBN, could go with the defence of the naira.
But the CBN governor, Olayemi Cardoso denies the depletion of the foreign reserves was not in connection with the defence of the naira, rather on debt repayment.
