The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar
recorded on Monday.
This was despite the Central Bank of Nigeria’s attempt to improve dollar supply and prop up the local unit.
The CBN had on Monday auctioned $100m in forwards to be settled between one week and 30 days’ time, as against 60-day contracts it had written previously, shortening the settlement period on forward contracts to inject liquidity.
The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar
recorded on Monday.
This was despite the Central Bank of Nigeria’s attempt to improve dollar supply and prop up the local unit.
The CBN had on Monday auctioned $100m in forwards to be settled between one week and 30 days’ time, as against 60-day contracts it had written previously, shortening the settlement period on forward contracts to inject liquidity.
The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar
recorded on Monday.
This was despite the Central Bank of Nigeria’s attempt to improve dollar supply and prop up the local unit.
The CBN had on Monday auctioned $100m in forwards to be settled between one week and 30 days’ time, as against 60-day contracts it had written previously, shortening the settlement period on forward contracts to inject liquidity.
The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar
recorded on Monday.
This was despite the Central Bank of Nigeria’s attempt to improve dollar supply and prop up the local unit.
The CBN had on Monday auctioned $100m in forwards to be settled between one week and 30 days’ time, as against 60-day contracts it had written previously, shortening the settlement period on forward contracts to inject liquidity.
The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar
recorded on Monday.
This was despite the Central Bank of Nigeria’s attempt to improve dollar supply and prop up the local unit.
The CBN had on Monday auctioned $100m in forwards to be settled between one week and 30 days’ time, as against 60-day contracts it had written previously, shortening the settlement period on forward contracts to inject liquidity.
The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar
recorded on Monday.
This was despite the Central Bank of Nigeria’s attempt to improve dollar supply and prop up the local unit.
The CBN had on Monday auctioned $100m in forwards to be settled between one week and 30 days’ time, as against 60-day contracts it had written previously, shortening the settlement period on forward contracts to inject liquidity.
The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar
recorded on Monday.
This was despite the Central Bank of Nigeria’s attempt to improve dollar supply and prop up the local unit.
The CBN had on Monday auctioned $100m in forwards to be settled between one week and 30 days’ time, as against 60-day contracts it had written previously, shortening the settlement period on forward contracts to inject liquidity.
The naira weakened to 410 per dollar against the United States currency on Tuesday, down from 405/dollar
recorded on Monday.
This was despite the Central Bank of Nigeria’s attempt to improve dollar supply and prop up the local unit.
The CBN had on Monday auctioned $100m in forwards to be settled between one week and 30 days’ time, as against 60-day contracts it had written previously, shortening the settlement period on forward contracts to inject liquidity.
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