Naira Declines at Both Official, Parallel Market to N1459/$1, N1,455

Nume Ekeghe

The Naira yesterday, decline at both the official market and parallel markets.

At the Nigerian Autonomous Foreign Exchange (NAFEM) window, it closed at N1,459.73/$1, marking a depreciation of N38.67 compared to the previous rate of N1,421.06/$1 on Wednesday.

Meanwhile, the parallel market concluded at N1,455/$1 a marginal loss from N1,450 it exchanged on Wednesday.

The daily turnover recorded a 48.77 per cent decline in transactions to $84.38 million yesterday compared to the $164.74 million recorded on Wednesday.

Furthermore, the highest spot rate observed yesterday stood at N1,465, with the lowest spot rate recorded at N1,331.

ThisDay Newspapers Ltd