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Nigeria's naira strengthened 1 percent against the dollar on Monday in the forward market after the country's central bank raised interest rates by 100 basis points to 12 percent.
One-month dollar/naira forwards were bid at 205 after the rate rise compared to around 207 earlier, Thomson Reuters data showed.
Source: Reuters
One-month dollar/naira forwards were bid at 205 after the rate rise compared to around 207 earlier, Thomson Reuters data showed.
Source: Reuters