The US dollar closed at ₦486/US$1 in the parallel market
The exchange rate between the naira and dollar was offered for as high as N485/$1.
Reopening of the BDC window for foreign exchange would crash the prevailing spike in the exchange rate.
Total turnover for the week was $136.9 million, one of the lowest in weeks.
The exchange rate at the parallel market was unchanged for the third consecutive day.
At the black market where forex is traded unofficially, the Naira remained stable closing at N472.
The exchange rate disparity between NAFEX rate and back market rate widened by a whopping N84.
The exchange rate disparity between the official and back market rate widened on Monday.
Forex turnover at the FMDQOTC has averaged $47 million dollars over the last 32 days.
Forex turnover dropped by 63.7% while the exchange rate depreciated for a third consecutive trading day.
