The naira fell on Thursday in both the official and alternative markets. The naira fell on Thursday in both the official and alternative markets.
The Nigerian Autonomous Foreign Exchange (NAFEM) window ended at N1,459.73/$1, down N38.67 from the previous rate of N1,421.06/$1 on Wednesday.
Meanwhile, the parallel market closed at N1,455/$1, a slight decrease from N1,450 exchanged on Wednesday.
On Thursday, the daily turnover was $84.38 million, down 48.77 percent from $164.74 million on Wednesday. Furthermore, the highest spot rate observed on Thursday was N1,465, with the lowest spot rate being N1,331.