Market News
Naira Depreciates To N1,459 At Official Window, N1,455 At Parallel Market - ARISE NEWS
The Naira on Thursday, declined at both the official market and parallel markets.
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
