Business Naira Watch: Tracking Nigeria's Currency [Day 16]

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Nigerian Naira, Thursday rose slightly at 283.10 to a US dollar, sixteen official business day after the Central Bank of Nigeria removed peg on the country's currency rate.

Nigerian naira gained 0.1% to 282.68 against the USD as of 1.17pm in Lagos, commercial hub for 2nd Day in a roll according to data retrieved from Bloomberg news.

At the close of the trading period, the Naira was spotted at N283.10 to a US dollar at the inter-bank market as against its closing value of 283.50 on Wednesday.

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Naira Watch: Tracking Nigeria's Currency [Day 15]


Wednesday- Closed: 282.88
Today Open: N282.78
High Rate: N284.25
Low: N282.37



Related: Naira Depreciates Further Against Dollar
 
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