Site icon NewsVeo

Naira maintains ₦1339/$1, ₦1,520/$1 rate at Official and Parallel Markets respectively

An image depicting the exchange of Naira and Dollar

The Naira remained unchanged, at the close of trading, at the official and parallel markets.

The occurrence, a rare one was confirmed on the Nigerian Autonomous Foreign Exchange Market (NAFEX) window when the naira closed on Tuesday at ₦1,339.33/$1, the same as Monday’s closing rate.

Naira maintained the feat, remaining unchanged at the parallel market by closing at ₦1520/$.

However, the volume of transactions also saw a major rise, with daily turnover jumping by 81.58 percent to $328.32 million on Tuesday, up from $180.80 million on Monday.

Additionally, the highest spot rate noted on Tuesday was ₦1,506, while the lowest spot rate recorded was ₦1,150.

Get instant and latest news updates via Our WhatsApp Community or Google News online channel.

Exit mobile version