Business Naira Strengthens 0.1% to 315.50 Per US Dollar

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ProfRem

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Nigerian naira strengthen 0.1% to 315 per United States dollar as of 11:26am in Lagos, the commercial nerve center of the country.

Naira 3-month non deliverable forwards rose 0.3% to 339.50 to a US dollar.

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The yield on Nigeria's benchmark on government bond due for July 2023 rose 5 basis points to 6.69 percent, according to data from the Central Bank of Nigeria.

However, the Central bank of Nigeria monetary policy committee is expected to announce new interest rate in September 20, 2016 meeting.
 
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