Business Naira Watch: Tracking Nigeria's Currency [Day 12]

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Nigerian Naira, Monday fell against the dollar, trading at 282.75 to a US dollar, twelve official business day after the Central Bank of Nigeria removed peg on the country's currency rate.

Naira traded 28o.67 to a United States Dollar as of 10:15am in Lagos, nation’s commercial hub, according to data retrieved from Bloomberg news.

At the close of the trading period, the Naira was spotted at N282.67 to a US dollar at the inter-bank market as against its valued at Monday of 282.13 before the three days public holiday declared by President Muhammadu Buhari's administration.



naira_nigeria.jpg

Naira Watch: Tracking Nigeria's Currency [Day 11]

Monday- Closed: 282.13

Today Open: N282.13

High Rate: N282.75

Low: N280.67



Related: Nigerian Naira Rises 0.5% to N280/USDollar
 
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