Nigeria, Feb. 24 -- Nigeria's naira weakened marginally against the U.S. dollar at the Investors & Exporters (I&E) window of the foreign exchange market on Wednesday, data from the FMDQ Security Exchange where forex is officially traded showed.

However, the currency remained stable at the parallel market.

Naira closed at N408.80 at the Wednesday trading session of the I&E window, this represents a N0.2 or 0.05 per cent depreciation from N408.60, the rate at which it closed at the previous session on Tuesday.

The local unit touched an intraday high of N390.00 and a low of N429.75, before settling at N408.80 on Wednesday.

This occurred as turnover increased by 72.2 per cent, with$212.43 million recorded as against the $123.37 million po...