Naira gains against Dollar, trades at N390/$

The US dollar continued to diminish against the Naira as the Nigerian currency was traded at N390 on Thursday in Abuja. The Naira had also appreciated against the Euro, exchanging at N400 while remaining stable against the Pound Sterling at N465. The last time the naira traded at between N390 and N400 to the dollar at the parallel market was in August 2016.