Nigeria, Feb. 25 -- Nigeria's naira strengthened marginally against the U.S. dollar on the Investors & Exporters (I&E) window of the foreign exchange market on Thursday, data from the FMDQ Security Exchange where forex is officially traded showed.

However, the currency again remained stable at the parallel market.

Naira closed at N408.67 at the Thursday trading session of the I&E window, this represents a N0.13 or 0.03 per cent appreciation from N408.80, the rate at which it closed at the previous session on Thursday.

The local unit witnessed an intraday high of N382.00 and a low of N415.00, before settling at N408.67 on Thursday.

This happened as turnover slumped 79.3 per cent, with $43.97 million recorded as against the $212.43 mill...