Connect with us

Click here to join NNU for free and make money while reading news and getting updates daily.


Naira Remains Stable at Both Official and Parallel Market at N1339/$1, N1,520/$1 As Transaction Activity Surges



The naira on Tuesday in a rare occurrence remained unchanged at the official and parallel markets.

At the Nigerian Autonomous Foreign Exchange Market (NAFEX) window, the naira closed on Tuesday at N1,339.33/$1, the same as Monday’s closing rate.

While also at the parallel market, naira remained unchanged also closing on Tuesday at N1,520/$1.

However, transaction volumes also saw a significant increase as the daily turnover increased by 81.58 percent, reaching $328.32 million on Tuesday compared to $180.80 million recorded on Monday.  Additionally, the highest spot rate observed on Tuesday was N1,506, while the lowest spot rate recorded was N1,150.


Nume Ekeghe

Follow us on:

Source link: Arise News/

Continue Reading