Wednesday, 1 July 2015

Dollar sale of $735.74 mln at 198.45 naira on Nigeria's Foreign Exchange market

A trade of $735.74 million went through on Nigeria's interbank currency market at 198.45 naira on Wednesday, ThomsonReuters data showed.


Market sources said a foreign client had sold dollars to a bank in Nigeria. Total interbank market volumes stood at $1.12 billion on Wednesday, far higher than typical trading sessions since the central bank introduced a naira peg in February.

The naira traded at 230 to the dollar on the parallel market on Wednesday.
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