The Naira on Thursday, declined 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 percent decline in transactions to $84.38 million on Thursday compared to the $164.74 million recorded on Wednesday.
Furthermore, the highest spot rate observed on Thursday stood at N1,465, with the lowest spot rate recorded at N1,331.
Nume Ekeghe
Follow us on:
Gbadebo Rhodes-Vivour has condemned the commercialisation of GMO seeds, warning of threats to Nigeria’s food…
Oleksandr Usyk has secured victory over Tyson Fury in Riyadh, successfully defending his heavyweight championship…
Albania plans a one-year TikTok ban from January after a schoolboy’s death sparks concerns over…
A suspect accused of killing five people by driving into a crowded Christmas market in…
A US Navy F/A-18 Hornet was mistakenly shot down over the Red Sea by the…
NNPC has reduced petrol ex-depot price to N899 per litre, sparking competition with Dangote Refinery…