The Nigerian Naira has seen a modest decline in value on the official market, trading at N1,309.39 per dollar on Thursday.

According to data from the FMDQ's official trading platform, the Naira weakened by N8.96 or 0.69 percent compared to the previous day's rate of N1,300.43 against the dollar.

However, the total turnover increased to $857.78 million on Thursday, rising from $416.10 million recorded on Wednesday.

Meanwhile, at the Investor’s and Exporters' (I&E) window, the Naira fluctuated between N1,392 and N1,250 against the dollar.