Naira strengthens in parallel market and official window

The Naira yesterday continued to strengthen at both the official window and parallel market for the second day, closing stronger compared to its performance at the parallel market. The naira on the parallel market gained to N1,590/$1 compared to N1,600/$1 recorded on Monday. This indicates the naira at the parallel market gained N10. Also, the official Nigerian Autonomous Foreign Exchange (NAFEM) appreciated yesterday closing at N1,560.57/$1 signifying a N36.77 gain compared to N1,597.34/$1 it closed on Monday. The daily turnover recorded yesterday was $195.13 million indicating a 38.96 percent increase from the $140.45 million, quoted on Monday.