The foreign exchange market closed on Thursday with Nigeria’s currency gaining marginally 0.03 percent to N408.67k compared to N408.80k on Wednesday at the Investors and Exporters (I&E) forex window.
Read Also: Naira falls by 0.63% to N480 on strong demand for dollar
Currency traders who participated in the trading on Thursday maintained bids at between N382.00k and N415.00k/$, according to data from the FMDQ.
Traders said the market was calm as demand moderated amid low liquidity. The foreign exchange daily turnover declined by 79.30 percent to $43.97 million on Thursday from $212.43 million recorded on Wednesday.
Naira weakened by 0.42 percent as the dollar closed at N480 on Thursday as against N478 closed on the previous day at Bureau De Change (BDC) segment of the market.
The local currency steadied at N480 per dollar at the parallel market on Thursday.
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