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Naira gains at official market

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The currency was stable at the black market.

Naira clinched a meagre gain against the U.S. dollar at the official market on Tuesday as it exchanged hands with the foreign currency at N410.67 per $1.

This represents a N0.46 or 0.11 per cent appreciation from the N411.13 rate it traded in the previous session on Monday. Foreign exchange supply dipped by 31.34 per cent with $128.11 million recorded at the market segment as against the $97.54 million posted in the previous session on Monday. Naira touched an intraday high of N400.00 and a low of N412.95 at the trading session before closing at N410.67 at the close of business on Tuesday.READ ALSO:

 

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