Nume Ekeghe
The nation’s foreign money, the naira yesterday skilled a decline within the official market whereas it remained secure within the parallel market.
On the Nigerian Autonomous Overseas Trade (NAFEM) window, it closed at N1,421.06/$1, marking a depreciation of N4.49 in comparison with the earlier price of N1,416.57/$1 on Tuesday.
In the meantime, the parallel market closed at N1,450/$1, secure as yesterday.
The each day turnover recorded a rise in transactions of two.47 per cent, to $164.74 million yesterday in comparison with the $160.77 million recorded on Tuesday.
Moreover, the very best spot price noticed yesterday stood at N1,440, with the bottom spot price recorded at N1,335.
