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Nigerian naira maintained rate of 2.45% against the United States Dollar to close at N305. 31 at the Inter-bank foreign exchange market, sixty-nine days after the Central bank of Nigeria removed peg on the country's currency.
At the parallel market, the local currency appreciated to to 475 to the dollar, from 49o it traded at midday on Friday.
Quoting Vanguard reports, the global investment bank, Morgan Stanley of United States of America, has warned that its MSCI Nigeria Indexes would be reclassified as Stand-alone next year, if currency restriction was instituted by the Central Bank of Nigeria, CBN.
Naira Watch: Tracking Nigeria's Currency [Day 69]
Thursday Closed: 305.31
Today Open: N315.99
High Rate: N315.25
Low: N312.25
At the parallel market, the local currency appreciated to to 475 to the dollar, from 49o it traded at midday on Friday.
Quoting Vanguard reports, the global investment bank, Morgan Stanley of United States of America, has warned that its MSCI Nigeria Indexes would be reclassified as Stand-alone next year, if currency restriction was instituted by the Central Bank of Nigeria, CBN.
Naira Watch: Tracking Nigeria's Currency [Day 69]
Thursday Closed: 305.31
Today Open: N315.99
High Rate: N315.25
Low: N312.25
