Nigeria, March 28 -- The naira appreciated further against the United States dollar across foreign exchange markets on Wednesday, data gathered from both market segments showed.

According to market data published on the FMDQ website, naira closed Wednesday at N1,300/$1 as against N1,382.95 recorded in the previous market session on Tuesday.

Wednesday's rate implies a 6.0 per cent appreciation from N1,382.95 posted on Tuesday.

The local currency experienced an intraday high of N1,200 and a low of N1,460 to a dollar before it eventually closed at N1,300/$1 on Wednesday.

Within the business period, the official market segment recorded a foreign exchange turnover of $416.10 million, as against $245.58 million posted on Tuesday.

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