The naira, which has sustained rally across markets in recent months, trading at N1,455/$ as of yesterday according to the Nigeria Foreign Exchange Market (NFEM) and N1,460 to N1,470,$ at the unofficial black market. For the Nigeria naira, a turbulent past that saw it lose its significant value is almost over, according to analysts. The CBN leadership has continued to take major steps to keep the naira stable in line with its exchange rate stability objective. Gwadabe said the code further entrenches transparency and accountability in the FX market, and continually sustains naira stability and rally. The CBN explained that both accounts offer currency flexibility, enabling holders to maintain balances in either foreign currency or naira.