It opened for trade at 180.50 to the dollar, and eased to 180.62 at 0818 GMT.

It closed at 180.10 the previous day.

The currency remains below a new target band of 160-176 to the dollar, set by the central bank last week after it devalued the currency by 8 percent.

The naira has been hit by falling oil prices and the central bank has been intervening heavily since the devaluation to prop it up.