The naira has lost against the U.S. dollar.
Naira closed at N394.17, N0.82 or 0.21 per cent weaker than the rate at which it was exchanged at the previous session, which was N393.35.
Naira reached an intraday high of N390 against the greenback and oscillated to a low of N415.76 before settling for a close at N394.17.
That leaves the spread of N80.83 between the black market and the I&E window rates, meaning a 20.5 per cent margin in exchange rate separates both markets.
The CBN’s official rate on Wednesday was N379 per dollar.