Naira continues gaining streak at official window, parallel market at N1,278/$1

the naira continued to gain at both the official window and parallel market with sustained liquidity at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) and availability of FX to Bureau de Change last week. The naira at the NAFEM window yesterday closed at N1,278.58/$1 compared to N1,309.37/$1 it closed on Thursday the 28th of April signifying an N30.79 gain While on the parallel market, the naira sustained a gain also when it exchanged at N1,250/$1 compared N1,300/$1 it closed over the weekend representing N50 gain. The daily turnover declined to $111.18 million after it previously recorded its highest daily turnover since the inception of the window, which peaked at $857 million on Thursday. This drop signifies an 86.96 decline. Also, the highest spot rate yesterday was pegged at N1,312/$1 while the lowest spot rate recorded was N1,250/$1.