In Kubwa: Naira crawls back to N490/$1

The naira, which plunged to a four-year low of N505 a dollar on Monday, gained 0.6% to N490 yesterday in the unauthorised market, according to abokifx.com, a website that collates the data. It opened at N411.58 a dollar on the nafex window also used as the official rate by the central bank.

ABCON are mobilising Forex Dealers against the effects of Hoarding.