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For the first time since last week, the Naira depreciated marginally against the US dollar on the foreign exchange market on Tuesday. Data from FMDQ showed that the Naira dropped to N1,615.94 per USD on Tuesday from N1,582.94 on Monday. This represents an N30 or 2.0 per cent depreciation compared to the N1,582.94 recorded at the close of trading on Monday. Meanwhile, the Naira exchanged for N1,618.489 per USD on Tuesday at the parallel market from an average of N1,600 on Monday. The FX rate at both foreign exchange markets showed that the margin had shrunk to N2.5. DAILY POST recalls that Nair…

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