The value of the naira dipped at the parallel market on Monday selling at N365 to the dollar.
It dipped from N363 which it had been selling on the streets for weeks.
The currency also weakened at the Investors and Exporters window.
On Monday, the naira sold at N360.42 to the dollar at the I&E window which uses a market determined rate despite an inflow of $346.36 million which was traded on the market.
The naira however gained strength at the official market as it sold at N305.90 at the Central Bank of Nigeria (CBN) having sold as low as N306 last week.
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The CBN has on weekly basis sustained its interventions in the foreign exchange market, as the foreign exchange reserves of the country continue to accrue.
The reserves which stood at $25 billion at the end of last year had grown to $34.356 billion as at November 16, 2017 according to latest data by the CBN.
From $32.74 billion which it was at the beginning of October, the reserves grew to $33.86 billion as at November 1, 2017, before rising by 1.5 per cent within the month.
In total, the reserves this year has grown by 32.9 per cent or $8.51 billion from $25.84 which it closed last year.
Analysts believe that with the improved outlook of the country, an increased inflow of foreign exchange through oil sales and foreign borrowings of the government, the external reserves will continue to remain at comfortable levels.
