Naira closes firmer at 310.50 per dollar

The Nigerian naira closed at 310.50 against the dollar on Tuesday, firmer than previous close of 315.50, Thomson Reuters data showed.

The local currency traded $23 million at 280.50 just after the interbank market opened at 316.50.

One trader attributed the 280.50 naira rate to a dollar resale on the spot market of outright currency forwards sold by the central bank.

 

 
Source: Reuters