However, the currency remained stable at the black market window.
Data posted by FMDQ, where forex is officially traded, showed that the local unit closed at N412.00 per $1 at the official market. This represents a N1.00 or 0.20 per cent devaluation from the N411.00 rate posted in the previous session on Tuesday. The currency reached an intraday high of N400.00 and a low of N413.00 during the trading session before settling at N412.00 at the close of business on Wednesday.
Forex supply soared by 133.00 per cent with $180.19 million recorded as against the $77.46 million posted in the previous session on Tuesday.
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