Market News

Naira gains at investors’ forex window - BUSINESSDAY

AUGUST 11, 2017

The Nigerian currency on Thursday appreciated at the investors and exporters’ window gaining N0.96k to close at N366.50k per US dollar from N367.46k/$ quoted the previous day, data from FMDQ revealed.

Naira traded stable at the Central Bank of Nigeria (CBN) official rate closing at N305.55k per dollar, according to data obtained from FMDQ.

However, the local currency traded at the rate of N366 per dollar in some part of Lagos State weakening by N2 compared to close at N364 per dollar traded on Wednesday at the black market.

The central bank has been injecting the U.S. currency into the market even as dollar liquidity swells with rising investor interest in Nigerian assets.

 

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