The naira on Tuesday in a rare occurrence remained unchanged at the official and parallel markets.
At the Nigerian Autonomous Foreign Exchange Market (NAFEX) window, the naira closed on Tuesday at N1,339.33/$1, the same as Monday’s closing rate.
While also at the parallel market, naira remained unchanged also closing on Tuesday at N1,520/$1.
However, transaction volumes also saw a significant increase as the daily turnover increased by 81.58 percent, reaching $328.32 million on Tuesday compared to $180.80 million recorded on Monday. Additionally, the highest spot rate observed on Tuesday was N1,506, while the lowest spot rate recorded was N1,150.
Nume Ekeghe
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 and N1,520/$1 (parallel market) as transaction volumes soared by 81.58% on Tuesday.</p>
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