Naira Gains at Official Window, Depreciates at Parallel to N1,534/$1, N1,635/$1

..Daily turnover drops by 39%

Nume Ekeghe

The Naira yesterday recorded  gain for a fourth consecutive day at the official window but has however taken a dip at the parallel market.

The naira on the parallel market depreciated to N1,635 from N1,575 it exchanged on over the weekend representing N60 decline.

 However, the official Nigerian Autonomous Foreign Exchange (NAFEM) appreciated yesterday closing at N1,534.19 signifying a N14.06 gain compared to N1,548.25 it closed on Friday.

Notably, the daily turnover recorded  stood at $178.63 million indicating a 39.95 per cent drop from $296 million, on Friday.

Also, the highest spot rate yesterday was pegged at N1600.75, while the lowest spot rate recorded was N1,425.35.