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Naira gains at black market, stable at official window

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The currency was stable at the official market where it touched an intraday high of N400.00.

The naira gained against the U.S. dollar at the unofficial market window on Wednesday by rising to N506.00 per $1., the currency closed with a N2.00 or 0.40 per cent appreciation from the N508.00 rate it exchanged hands with the greenback currency in the previous session on Tuesday.

However, the naira maintained stability against the U.S dollar at the Investors and Exporters window also known as the Nafex rates on Wednesday.where forex is officially traded showed that the naira closed at N411.50 per $1, the same rate it has traded on the market segment for three consecutive sessions on a stretch.

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