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ProfRem
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Nigerian Naira, Thursday strengthen against the dollar, trading at 281.29 to a US dollar, nine official business day after the Central Bank of Nigeria removed peg on the country's currency rate.
The new foreign exchange policy, yesterday, 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 282.35 to a United States Dollar as of 11:25am in Lagos, nation’s commercial hub, according to data retrieved from Bloomberg terminal.
At the close of the trading period, the Naira bounced back and spotted at N281.29 to a US dollar at the inter-bank market
Related: Naira Watch: Tracking Nigeria's Currency [Day 8]
Wednesday - Closed: 282.25
Today Open: N282.66
High Rate: N281.35
Low: N280.10
Related: CBN Forex Policy Attracts $20m Foreign Investment
The new foreign exchange policy, yesterday, 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 282.35 to a United States Dollar as of 11:25am in Lagos, nation’s commercial hub, according to data retrieved from Bloomberg terminal.
At the close of the trading period, the Naira bounced back and spotted at N281.29 to a US dollar at the inter-bank market
Related: Naira Watch: Tracking Nigeria's Currency [Day 8]
Wednesday - Closed: 282.25
Today Open: N282.66
High Rate: N281.35
Low: N280.10
Related: CBN Forex Policy Attracts $20m Foreign Investment
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