Naira Sustains Gains At Official, Parallel Market To N1,560/$1, N1,590/$1

The Naira on Tuesday continued to strengthen at both the official window and parallel market as for the second day, closing stronger compared to its performance at the parallel market.

The naira on the parallel market gained to N1,590/$1 compared to N1,600 recorded on Monday. This indicates the naira at the parallel market gained N10.

Also, the official Nigerian Autonomous Foreign Exchange (NAFEM) appreciated on Tuesday closing at N1,560.57 signifying a N36.77 gain compared to N1,597.34 it closed on Monday.

The daily turnover recorded on Tuesday was $195.13 million indicating a 38.96 percent increase from $140.45 million, quoted on Monday.

Nume Ekeghe