Nigeria naira quoted at record low in one-month forward market

Published 15/02/2021, 12:45
© Reuters.

ABUJA, Feb 15 (Reuters) - The one-month forward contract on
the Nigerian naira hit a record low against the U.S. dollar on
Monday after the spot market on Friday eased to a record low.
One-month naira non-deliverable forwards NGN1MNDFOR= stood
at 416 points, from Friday's close of 414, Refinitiv data
showed. Spot market naira NAFEX=FMDQ closed at a record low of
410.50 per dollar on the over-the-counter market on
Friday.

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