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Nigerian naira on Friday remain stable at 316 to a United States dollar at the inter-bank market, over a month the Central Bank of Nigeria removed peg on it.
The currency 3 month non-deliverable forwards also moved to -0.1% to 350.5 per US dollar.
Ghana Cedi on the other hand, declined 0.5% to 3.96 to a US dollar as of 11:20am in Accra, weakest level on closing basis since July 26.
Meanwhile, at the parrallel market, naira on Thursday fell further to N400 per dollar, due to continued demand for and scarcity of the greenback.
This follows a depreciation to N390 to the dollar on Wednesday.
Analysts have attributed the recent depreciation to huge demand for forex by holidaymakers seeking to travel abroad. Some however say the demand is beyond the normal summer rush.
Recommended: CBN Orders Banks To Sell Dollars at N197 To Pilgrims
The currency 3 month non-deliverable forwards also moved to -0.1% to 350.5 per US dollar.
Ghana Cedi on the other hand, declined 0.5% to 3.96 to a US dollar as of 11:20am in Accra, weakest level on closing basis since July 26.
Meanwhile, at the parrallel market, naira on Thursday fell further to N400 per dollar, due to continued demand for and scarcity of the greenback.
This follows a depreciation to N390 to the dollar on Wednesday.
Analysts have attributed the recent depreciation to huge demand for forex by holidaymakers seeking to travel abroad. Some however say the demand is beyond the normal summer rush.
Recommended: CBN Orders Banks To Sell Dollars at N197 To Pilgrims
