The naira on Thursday declined at both the official window and the parallel market.
At the Nigerian Autonomous Foreign Exchange (NAFEM) window, the naira recorded depreciation as it closed at N1,402.67/$1 a N11.71 loss compared to N1,390.96/$1 which closed on Tuesday.
By the end of trading on Thursday, the parallel market concluded at N1,380/$1, a loss of N20 compared to the Monday rate of N1,360/$1.
The daily turnover recorded an increase in transactions of 3.32 per cent, to $232.84 million on Thursday compared to the $225.36 million recorded on Tuesday.
Furthermore, the highest spot rate observed on Thursday stood at N1,445, with the lowest spot rate recorded at N1,299.
Nume Ekeghe
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