Naira appreciated at N1,380/$1 on the parallel market yesterday, posting a gain of N70 in one day, compared to Thursday’s close of N1,450/$1. On the other hand, the local currency weakened to N1,339.23/$1 on the Nigerian Autonomous Foreign Exchange (NAFEM) window, representing a N29.42 decline, compared to the N1,309.81/$1 it closed at on Wednesday. However, daily turnover on the NAFEM declined by 2.85 per cent to $309.01 million compared to $318.08 million the previous day. The highest spot rate stood at N1,410/$1, with the lowest recorded at N1,051/$1.
