Naira gains at official market

Naira gained 0.05 per cent against the United States dollar at the official market after foreign currency inflows into the Nigerian Autonomous Foreign Exchange Fixing (NAFEX) market plummeted by 29.95 per cent on Wednesday.

The naira opened at N461.30 to a dollar and closed at the authorised window at N461.25 on Wednesday, data published on the FMDQ website, where forex is officially traded, showed.

The market data posted indicated that the naira traded within a market range of N446.00 and N462.50 but eventually closed at N461.25 per $1.