The Naira on Tuesday, was reported to have made a U-turn from its gaining streak as it depreciated at the official window after recording gains for four consecutive day.
But was however stable on the parallel market as it closed at N1,635 the same as the previous day.
At the official Nigerian Autonomous Foreign Exchange (NAFEM), Naira deprecated on Tuesday closing at N1,602.43 signifying a N68.24 loss or 4.45 per cent, compared to N1,534.19 it closed on Monday.
Notably, the daily turnover recorded on Tuesday, was $291.78 million indicating a 63.37 per cent increase from $178.63 million, quoted on Monday.
Also, the highest spot rate on Tuesday, was pegged at N1652.40, while the lowest spot rate recorded was N1,450.
Nume Ekeghe
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