The naira on Monday, gained for the third consecutive day at the official Nigerian Autonomous Foreign Exchange (NAFEX) window, closing at N1,419/$1 again surpassing a weakened parallel market rate which closed on Sunday, at N1,450/$1.
The official window gained by N15.67 closing at N1,419.86 compared to N1,435.53 recorded on Friday
However, the parallel market took a downward turn to close on Monday evening at N1,450 compared to the N1,430 it closed on Friday indicating a N20 loss over the weekend.
Furthermore, the official window recorded the same daily turnover of $440.13 million on Monday compared to last week Friday.
The highest spot rate recorded was N1,526/$1 while the lowest spot rate recorded was N906/$1.
Nume Ekeghe
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