Naira Depreciates to N1,459 at the Official Window

The Naira depreciated at both the official and parallel markets on Thursday.

The Nigerian Autonomous Foreign Exchange (NAFEM) window closed at N1,459.73 per dollar, a depreciation of N38.67 compared to the previous rate of N1,421.06 per dollar on Wednesday.

Meanwhile, the parallel market closed at N1,455 per dollar, a marginal loss from N1,450, which it exchanged on Wednesday.

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Naira-and-Dollars (News Central TV)
Naira depreciated at both windows on Thursday

The daily turnover recorded a 48.77% 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.

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