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The naira has returned to depreciation ways against the dollar at the foreign exchange market on Wednesday as FX supply dropped. FMDQ data showed that it slightly depreciated to N1631.17 per dollar on Wednesday from the N1630.35 exchange rate on Tuesday. This represents a marginal N0.80 loss against the dollar compared to N1630.35 traded the precious day. Similarly, at the black market, it fell to N1,750 per dollar on Wednesday from N1,748 exchanged on Tuesday. This comes as foreign exchange transaction turnover declined to $128.98 million in the period under review from $242.59 million record…

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