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Naira ends with first daily gain since peg ditched

HomeNewsNaira ends with first daily gain since peg ditched
22
Jun
Naira ends with first daily gain since peg ditched
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LAGOS, June 22 (Reuters) – Nigeria’s naira firmed to close at 281.50 to the dollar on Wednesday, its first daily gain since the central bank ditched its 16-month old peg on the currency on Monday.

The naira, which slumped 30 percent at its float on Monday, has traded as weak as 285 to the dollar. It firmed on Wednesday following a central bank dollar sale to improve dollar liquidity. (Reporting by Chijioke Ohuocha; editing by John Stonestreet)

Source: af.reuters.com/article/nigeriaNews/idAFL8N19E2UU


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