….Each day turnover drops 21%
Nume Ekeghe
The nation’s troubled forex, the naira, once more recorded a loss on the official and parallel markets the place it closed on the Nigerian Autonomous Overseas Change (NAFEM) at N1,598/$1 and plunged additional on the parallel market to N1,730/$1.
The parallel market yesterday noticed the naira plunge to N1,730, falling by N130 from what it exchanged on the weekend in comparison with N1,600/$1 it exchanged on Friday.
The naira on the official NAFEM window additionally recorded decline because it closed at N1,598.54, a N100.29 depreciation in comparison with N1,498.25 it recorded on Friday.
Moreover, the official window recorded a every day turnover of $66.43 million yesterday in comparison with the $84.1 million it recorded on Friday indicating a 20.98 per cent decline.
The best spot charge recorded yesterday was N1,712/$1 whereas the bottom spot charge recorded was N1,100/$1.
