The dip represents 0.18 depreciation having exchanged at 418.50 per dollar on Tuesday.
It marks the third consecutive loss in a week.
Mr Ajayi said their refusal to pay back the loans have made it difficult for others to access the loan.
Meanwhile, the country has received a $160 million grant from the World Bank.
In China’s spot foreign exchange market, the yuan is allowed to rise or fall by two per cent from the central parity rate each trading day.
Fitch Ratings released a company overview for the company, revealing that Mr Dangote invested all of his money and borrowed additional funds to finance the project.
The highest average retail price was Kaduna with N202.94, followed by Enugu and Abia with N197.51 and N195.27.
A total of 105.11 million dollars was traded in foreign exchange at the official Investors and Exporters window on Tuesday.
The market capitalisation lost N101 billion to close at N28.442 trillion from N28.543 trillion achieved on Monday.
IPMAN said the debt was from haulage of petroleum products to Sokoto, Kebbi, Zamfara and parts of Katsina by its members.