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Nigerian central bank sells dollars to lift naira off all-time low – traders

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Last updated: 10 Aug 2016, 06:53
A road safety officer stands in front of a Central Bank of Nigeria building, following an explosion that killed some workers and injured many, in Calabar, Nigeria March 11, 2016. REUTERS/Stringer
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LAGOS- Nigeria’s central bank intervened on the interbank foreign exchange market on Tuesday to help support the naira after it hit an all-time low of 350 to the dollar in thin volume, traders said.

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The naira closed at 310.50 to the dollar following the bank’s intervention. A single trade of $100,000 was carried out at 350 to the dollar.

A total of $6.86 million traded on Tuesday.

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