The naira yesterday made a U-turn as it marginally declined at the parallel to N1,605/$1 from N1,600/$1 it exchanged on Wednesday. However, the official Nigerian Autonomous Foreign Exchange (NAFEM) recorded gain, closing at N1,608.98/$1 signifying a N6.96 gain compared to N1, 615.94/$1 it closed on Wednesday. Notably, the daily turnover recorded yesterday was $243.65 million indicating a 2.05 per cent decline from $248.75 million, quoted on Wednesday. Also, the highest spot rate yesterday was pegged at N1625/$1, while the lowest spot rate recorded was N1,576/$1.
Prof. Soyinka decries ‘excessive’ security escort around President’s son, Seyi Tinubu
Nobel Laureate, Professor Wole Soyinka, has publicly criticized what he described as the "excessively large" and intimidating security detail accompanying...
Read moreDetails
