The naira has lost against the U.S. dollar.
Naira closed at N394.17, N0.82 or 0.21 per cent weaker than the rate at which it was exchanged at the previous session, which was N393.35.
The depreciation in the value of the local currency came as turnover increased by 235 per cent with $89.5 million recorded compared to the $26.8 million posted on Tuesday.
Naira reached an intraday high of N390 against the greenback and oscillated to a low of N415.76 before settling for a close at N394.17.
The CBN’s official rate on Wednesday was N379 per dollar.