Business Naira Watch: Tracking Nigeria's Currency [Day 26]

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ProfRem

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The Naira on Thursday depreciated against the United States Dollar on a closing rate of N316.13 as against 315 the previous day, twenty-six days after the Central Bank of Nigeria allows free float of the currency at the inter-bank market.

The naira opened the day's trading at N315.25 to the United States Dollar with a high trading rate of the day N320.13, according to data mined from the Bloomberg news.


Naira Watch: Tracking Nigeria's Currency [Day 25]

naira_nigeria.jpg


Wednesday - Closed: 315.50

Today Open: N315.25
High Rate: N320.13
Low: N310.50


Related: CBN Mandates Banks To Review Provision For Foreign Loans
 
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