Naira stable at official market

Naira recorded no visible movement against the United States dollars at the Investors and Exporters window on Tuesday, a day after it appreciated slightly.

The local currency, which opened trading at N460.90 per dollar on Tuesday, closed the day’s market at N461.50 per dollar, the same rate it exchanged hands with the greenback currency at the official window in the previous session on Monday.

According to data published on FMDQ website where forex is officially traded, the domestic unit moved to an intraday high of N440.00 and touched a low of N462.00 per dollar before closing at N461.50 at the close of market Tuesday.