Naira falls to 375.5 per dollar at official market – Reuters

Nigeria’s naira weakened to a record low of 375.50 to the dollar on Tuesday on the official interbank market, according to Thomson Reuters data.

The currency had briefly touched a rate of 365 on Aug. 18 but then quickly reversed the losses and closed at 324 to the dollar on the official window.

Do you need a classical ORGANIST or an excellent music teacher? CALL Fabian on 08033983034 or email him at

It then stabilised at around 305.5 to the dollar due to daily interventions by the central bank, traders said.

There was no immediate explanation for the currency move. (Reporting by Oludare Mayowa; Editing by Ulf Laessing)

If you need current information on the forex market in nigeria and Authentic Pool information, then consider visiting this site again.

Nomie Autos Bonanza: get 30% discount on any car you buy; hurry, offer exists while stock lasts.
Follow us on twitter @newsbeatportal

learn how to make profit from your losing bets on nairabet, bet9ja, merrybet, surebet. 07030635051
Engage #SantexTech today to build & install inverters, training on inverters & other electronic designs, projects/kits. Call 08039574535

Click to join Talk Nigeria Today, a group where hot, controversial, and breathtaking issues are brainstormed upon.

Konga Verified Blogger