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The naira on Friday appreciated to 311.25 to the United States Dollar at the inter-bank market as against 313.75 and 315 its closed on Wednesday and Thursday respectively.
Naira hits a new all-time low of 350.91 to dollar at the interbank market. It however closed the day at N311.25 to the dollar.
The positive momentum displayed by the nation’s currency for the last three days was attributed to an intervention by the Central Bank of Nigeria (CBN), which sold dollars to boost liquidity and help the naira to strengthen against the greenback.
Naira Watch: Tracking Nigeria's Currency [Day 36]
Thursday Closed: 313.75
Today Open: N320.25
High Rate: N350.91
Low: N311.25
Recommended: CBN Issues Statement on Licensing Firms for Int'l Money Transfers to Nigeria
Naira hits a new all-time low of 350.91 to dollar at the interbank market. It however closed the day at N311.25 to the dollar.
The positive momentum displayed by the nation’s currency for the last three days was attributed to an intervention by the Central Bank of Nigeria (CBN), which sold dollars to boost liquidity and help the naira to strengthen against the greenback.
Naira Watch: Tracking Nigeria's Currency [Day 36]
Thursday Closed: 313.75
Today Open: N320.25
High Rate: N350.91
Low: N311.25
Recommended: CBN Issues Statement on Licensing Firms for Int'l Money Transfers to Nigeria