Naira gains at official market as Reps ask CBN to act

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The currency was stable at the parallel market.

Naira gained marginally against the U.S. dollar at the Investors and Exporters window on Wednesday, as foreign exchange supply rose, data from theData showed that the local unit closed at N410.95, a N0.55 or 0.13 per cent appreciation from N411.50 it traded Tuesday.The naira experienced an intraday low of N420.77 and a high of N400.00 before closing at N410.90 on Wednesday.

The last time naira closed around the rate of N410.00 and above was on June 6, when it closed at N410.75.

 

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