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
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