Nume Ekeghe
The naira yesterday skilled a U-turn on its gaining streak because it barely depreciated on the parallel market to N1,680/$1.
Nevertheless, the official Nigerian Autonomous International Alternate (NAFEM) gained closing yesterday at N1,582.94 signifying an N82.56 achieve in comparison with N1,665.5 it closed on Friday.
The parallel market after taking substantial features following the arrests final week of parallel market operators, from a document low of final Wednesday of N1,920 to N1600 over the weekend declined once more to N1,680/$1 yesterday.
Nevertheless, the every day turnover recorded yesterday was$154.16 million, a 1.47 per cent improve from $151.93 recorded on Friday.
Additionally, the very best spot charge yesterday was pegged at N1778, whereas the bottom spot charge recorded was N1,300.
