However, the domestic currency depreciated at the black market.
Naira closed at N409.00 at the trading session of the I&E window, this represents N0.13 or 0.03 per cent increase from N409.13, the rate at which it closed at the previous session on Monday. It experienced an intraday high of N400.00 and a low of N411.00, before closing at N409.00 on Tuesday. This became evident as turnover increased by 55.42 per cent, with $47.93 million recorded as against the $30.84million posted on Monday.However, naira fell slightly at the unofficial market on Tuesday, data posted on abokiFX.com, a website that collates parallel market rates in Lagos showed.According to data posted, the local unit closed at N486.00 on the black market on Tuesday, this implies a N1.00 or 0.21 per cent devaluation from N485.
By implication, the spread between the unofficial market and the I&E window exchange rate is pegged at N77.00, which translates to a gap of 15.84 per cent.
“Naira gains” for five hours
Femiakuti MaiyegunsDiary RealSeunKuti MaziNnamdiKanu YorubaKingdomTv OdudwaRepublic AishaYesufu NaijaResistance KoikiMedia After the fake masked fulani in aso rock left the zoo country o
Ok boy this good news, Bubu can easily make $1=N1 buy staying in the abroad...
Buhari travelled and Naira gains, what if he stays 6 months?
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