Naira Appreciates at Parallel, Depreciates Marginally at the Official Market to N1040/$1,N764.86/$1 

Nume   Ekeghe

The Naira appreciated slightly at the parallel market in reaction to the lifting of previously banned 43 items from accessing foreign exchange from the parallel market and the official I&E window, with rates appreciating to N1040/$1 from N1050/$1, recorded the previous day.

The official I&E window however depreciated slightly to N764.86/$1 from N759.20/$1 it recorded the previous day.

However, notably the official I&E window reported a daily volume turnover of $53.02 million a sharp decline of 87 per cent compared to $407.66 million, it recorded the previous day.

Furthermore, the highest spot rate observed during the day was N799.90/$1, while the lowest spot rate stood at N475/$1.