Skip to main content

Nigeria's settles $152 mln naira futures contract, enters new 12-month contract

Image
By
LAGOS Aug 25 (Reuters) - Nigeria's central bank has settled $152.48 million of naira futures contracts it sold in June at an exchange rate of 279 naira per dollar, market regulator FMDQ OTC Securities Exchange said.
The bank also
entered a fresh 12-month contract at 241 per dollar due on Aug. 16, 2017.
In June, the central bank introduced an over-the-counter futures market on the currency, to help manage dollar demand, quoting the naira at 279 to the dollar in a month's time and at 210 by April next year.

The local currency closed at 305.50, the level it has closed at since Monday.

Comments

Post a Comment

Follow Us

WHAT'S HOT

Ambode’s Michael Jackson syndrome

By
GOVERNOR Akinwunmi Ambode’s urban renewal policy is fundamentally flawed. For one, it strives to recast a Nigerian city in Parisian or Washingtonian mold. Secondly, it fails to realise that Lagos does not have to look like Paris, New York or Washington DC to be a beautiful, functional and livable city. A city is not just an agglomeration of buildings, streets and public spaces cobbled together by architectural, engineering and urban planning standards. A city captures, encapsulates and expresses the totality of a people’s way of life. Not surprisingly, Western European cities have a similar character, a character that is different from (for example) Asian cities.
Post a Comment
Continue Reading »

How To Install Ubuntu MATE For The Raspberry Pi 2 and Raspberry Pi 3

By
Ubuntu MATE:  We have done what we can to optimise the build for the Raspberry Pi 2 and Raspberry Pi 3, you can comfortably use applications such as LibreOffice and Firefox. But the microSDHC I/O throughput is a bottleneck so  we  highly  recommend that you use a Class 6 or Class 10 microSDHC  card.  Ubuntu MATE 16.04 also fully supports the built-in Bluetooth and Wifi on
Post a Comment
Continue Reading »