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Naira Gains at Official Window, Depreciates at Parallel to N1,534/$1, N1,635/$1

Naira Gains at Official Window, Depreciates at Parallel to N1,534/$1, N1,635/$1

..Every day turnover drops by 39%

Nume Ekeghe

The Naira yesterday recorded  achieve for a fourth consecutive day on the official window however has nevertheless taken a dip on the parallel market.

The naira on the parallel market depreciated to N1,635 from N1,575 it exchanged on over the weekend representing N60 decline.

 Nonetheless, the official Nigerian Autonomous International Alternate (NAFEM) appreciated yesterday closing at N1,534.19 signifying a N14.06 achieve in comparison with N1,548.25 it closed on Friday.

Notably, the each day turnover recorded  stood at $178.63 million indicating a 39.95 per cent drop from $296 million, on Friday.

Additionally, the best spot price yesterday was pegged at N1600.75, whereas the bottom spot price recorded was N1,425.35.

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