Nigeria central bank has settled $697 mln one-month forward at 280 -trader

Nigeria's central bank has settled $697 million of one-month outright currency forwards it sold in June at an exchange rate of 280 naira per dollar, one trader said on Friday. The $697 million, part of $4 billion auctioned after the naira was floated last month to help clear a backlog of demand for dollars, was due for settlement on Friday, the trader said. The naira opened at a record low of ...
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Added July 25, 2016
from Yahoo Nigerian News