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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 Investors and Exporters window on Friday, data from theHowever, the currency maintained stability at the black market after hitting an all-time-low in the previous session on Thursday.

At the official market, naira closed at N411.50 per $1 at the official market on Friday. This implies a N0.17 or 0.04 per cent appreciation from the N411.67 it traded in the previous session on Thursday. Naira hit an intraday high of N400.00 and a low of N412.92 at the trading session before closing at N411.50 on Friday.The forex exchange supply of the segment decreased by 57.00 per cent, with $127.51 million recorded as against the $296.34 million posted in the previous session on Thursday.

 

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