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ProfRem
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Nigerian Naira, Friday fell against the dollar, trading at 282.13 to a US dollar, ten official business day after the Central Bank of Nigeria removed peg on the country's currency rate.
The new foreign exchange policy received a million foreign investment boost as the Central Bank of Nigeria, CBN, and Citibank Nigeria Limited executed the first Naira-Settled Over the Counter (OTC) Foreign Exchange Futures.
Naira traded 280.12 to a United States Dollar as of 10:15am in Lagos, nation’s commercial hub, according to data retrieved from Bloomberg terminal.
At the close of the trading period, the Naira was spotted at N282.13 to a US dollar at the inter-bank market.
Naira Watch: Tracking Nigeria's Currency [Day 9]
Thursday- Closed: 281.259
Today Open: N281
High Rate: N282.13
Low: N280
The new foreign exchange policy received a million foreign investment boost as the Central Bank of Nigeria, CBN, and Citibank Nigeria Limited executed the first Naira-Settled Over the Counter (OTC) Foreign Exchange Futures.
Naira traded 280.12 to a United States Dollar as of 10:15am in Lagos, nation’s commercial hub, according to data retrieved from Bloomberg terminal.
At the close of the trading period, the Naira was spotted at N282.13 to a US dollar at the inter-bank market.
Naira Watch: Tracking Nigeria's Currency [Day 9]
Thursday- Closed: 281.259
Today Open: N281
High Rate: N282.13
Low: N280
