*Daily turnover records 103.44% increase

The Naira reached an unprecedented low Thursday when it closed at N1,420, marking a 4.03 per cent or N55 decline compared to Wednesday’s closing rate of N1,365 at the parallel market.

Also, the official Investors and Exporters (I&E) window experienced a decrease, concluding at N900.96 Thirsday as opposed to N882.24, indicating a 2.12 per cent decline or a N18.72 weakening.

However, the daily turnover witnessed a notable 103.44 per cent surge in a single day. On Wednesday, the turnover was $56.60 million, while yesterday’s turnover reached $115.19 million.

Furthermore, the highest spot rate recorded yesterday was N1,399 compared to N1,313 recorded the previous day. Also, the lowest spot rate recorded yesterday was n789 compared to N700 recorded the previous day.