Nigeria Weakens the Naira to Record Low in Year-End Trade
Nigeria Weakens the Naira to Record Low in Year-End Trade Tope Alake, Bloomberg News BC-Nigeria-Weakens-the-Naira-to-Record-Low-in-Year-End-Trade , Tope Alake (Bloomberg) -- Nigeriaâs central bank weakened the local currency to a record low during trading at the investors and exporters market on Thursday. The naira closed at 410.25 naira per dollar at the I&E window, according to the website of the Lagos-based FMDQ OTC Securities Exchange, a platform that oversees foreign-exchange trading in Nigeria. On the spot market, naira traded for...
Source: bnnbloomberg.ca