Naira weakens at official window

The naira fell against the U.S dollar at the Investors and Exporters (I&E) window on Friday, data posted on the FMDQ Security Exchange where forex is officially traded showed.

However, the currency remained stable at the parallel market.

At the Nafex window, data posted showed that the domestic currency closed at N412.00 to the dollar, a 0.24 per cent depreciation from N411.00 it traded in the previous session on Thursday.

This became evident as foreign exchange supply plummeted by 55.50 per cent, with $156.06 million posted as against $350.65 million…