The naira on Thursday stabilised at N1,584 following a moderation in demand for the dollar, cross foreign exchange (FX) markets.
After trading yesterday, the naira recorded slight loss of 46 kobo as the dollar was quoted at N1,584.95, as against N1,584.49 quoted on Wednesday at the Nigerian Foreign Exchange Market (NFEM), data from the Central Bank of Nigeria (CBN) showed.
The naira appreciated in the parallel market, also known as the black market, gaining N5 to close at N1,615 on Thursday compared to N1,620 the previous day.