Business Naira Watch: Tracking Nigeria's Currency [Day 17]

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ProfRem

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Nigerian Naira, Friday bounced back at 284.25 to a US dollar, seventeen official business day after the Central Bank of Nigeria removed peg on the country's currency rate.

Nigerian naira somersaulted around 1pm on Friday to all time low nearly N290 to the US Dollar in Lagos, commercial hub according to a data mined from Bloomberg news.

At the close of the trading period, the Naira closed at N284.25 to a US dollar at the inter-bank market as against its closing value of 283.10 on Thursday.

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

naira_nigeria.jpg


Thursday- Closed: 283.10
Today Open: N284.25
High Rate: N289.09
Low: N280.10


NOTE: Emir Sanusi Urges Nigeria To Allow Naira Trade Freely
 
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