New to site?


Login

Lost password? (X)

Already have an account?


Signup

(X)
Farooq

Nigerian naira gains to 460 per dollar, highest in more than three months – traders – Reuters

HomeNewsNigerian naira gains to 460 per dollar, highest in more than three months – traders – Reuters
24
Feb
Nigerian naira gains to 460 per dollar, highest in more than three months – traders – Reuters
  • Author
    Ugo
  • Comments
    0 Comments
  • Category

LAGOS Feb 24 (Reuters) – Nigerian naira rose on the black market to its highest in more than three months on Friday, after several interventions by the central bank on the official market, traders said.

The local currency was quoted at 460 to the dollar on the black market at 1327 GMT, compared with 495 the previous day. The naira had weakened to around 520 to the dollar on Monday, before the central bank effectively devalued it for retail customers, in an effort to end dollar shortages. (Reporting by Oludare Mayowa, editing by Larry King)

 


Related Posts