Nigerian naira eases to new low in 1-month forward contracts

20 Jun, 2016

LAGOS: Nigeria's naira eased against the dollar in non-deliverable forward markets on Monday, with one-month contracts hitting a fresh low after Africa's biggest economy floated its currency, ThomsonReuters data showed.

One-month non-deliverable forwards showed the naira weakening to 317 per dollar, while the two-month contract traded at 322 per dollar - matching a record it hit on Friday.

Copyright Reuters, 2016

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