The U.S. dollar hit a record high against the Nigerian naira in non-deliverable forwards markets on Tuesday, after a historic oil price rout pushed U.S. crude futures below zero a day earlier.
One-year dollar/naira non-deliverable forwards stood at 498.5 points, up from Monday’s close of 492.4, Refinitiv data showed.
Brent the internationally traded oil grade is at $19.45 a barrel having lost near $7 in 24 hours.
