Market News

Naira Declines at Official Window to N1329/$1, Gains at Parallel Market, N1,490/$1 - THISDAY

MAY 30, 2024

BY  Nume Ekeghe

The naira yesterday retracted on its gains at the official window and recorded gains at the parallel market.

At the Nigerian Autonomous Foreign Exchange Market (NAFEX) window, the naira closed yesterday at N1,329.65/$1, losing N155.77 compared to N1173.88/$1 recorded on Tuesday.

However at the parallel market, naira  record gains by N30  closing yesterday at N1,490/$1 compared to N1,520/$1 it exchanged for the previous day.

Daily transaction volumes saw a marginal increase as the daily turnover increased by 2.5 per cent, reaching $336.54 million yesterday compared to $328.32 million recorded on Tuesday.

Additionally, the highest spot rate observed yesterday was N1,506, while the lowest spot rate recorded was N1,010.


This website uses cookies We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you've provided to them or that they've collected from your use of their services
Real Time Analytics