The naira has continued its terrible performance against the United States dollar in official and black foreign exchange markets.

The FMDQ securities data indicated that, the Nigerian Autonomous Foreign Exchange Market (NAFEX) naira closed at N1,537.03/$1 on Tuesday, January 7.

Tuesday's exchange rate is a 0.03% or 45 Kobo depreciation compared to N1,536.58/$1 recorded on Monday.

The naira was sold as high as N1,537.50 to the dollar and as low as N1,531.50 during trading on Tuesday.

The Nigerian currency's poor performance continued against the British pound and the euro in the official foreign exchange market.

Data from the Central Bank of Nigeria also indicated that the naira depreciated against the British pound sterling in the official market yesterday by N21.60 to close the session at N1,924.15/£1 compared with Monday’s closing price of N1,902.55/£1.

While against the euro, it lost N15.55 to quote at N1,595.07/€1 compared with the previous day’s N1,579.52/€1.