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Nigerian Naira on Monday retreated against the dollar by 0.4% to 282.72 vs US dollar, six official business week after the Central Bank of Nigeria removed peg on the country's currency rate.
The Central Bank of Nigeria (CBN), today, made history in the Nigerian foreign exchange market as it becomes the pioneer seller of the Naira-settled OTC foreign exchange Futures contracts on FMDQ OTC Securities Exchange (FMDQ) today, Monday, June 27, 2016.
Naira traded 282.95 to a United States Dollar as of 10:30am in Lagos, nation’s commercial hub, according to data retrieved from Bloomberg terminal.
At the close of the trading period, the Naira was spotted at N282.75 to a US dollar at the inter-bank market.
Naira Watch: Tracking Nigeria's Currency [Day 5]
Friday - Closed: 281.75
Today Open: N281.75
High Rate: N282.95
Low: N280.27
Close: 282.72
Related: CBN Launches Naira Futures Market – All You Need To Know
The Central Bank of Nigeria (CBN), today, made history in the Nigerian foreign exchange market as it becomes the pioneer seller of the Naira-settled OTC foreign exchange Futures contracts on FMDQ OTC Securities Exchange (FMDQ) today, Monday, June 27, 2016.
Naira traded 282.95 to a United States Dollar as of 10:30am in Lagos, nation’s commercial hub, according to data retrieved from Bloomberg terminal.
At the close of the trading period, the Naira was spotted at N282.75 to a US dollar at the inter-bank market.
Naira Watch: Tracking Nigeria's Currency [Day 5]
Friday - Closed: 281.75
Today Open: N281.75
High Rate: N282.95
Low: N280.27
Close: 282.72
Related: CBN Launches Naira Futures Market – All You Need To Know