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ABUJA, Jan 11 (Reuters) - No quotes for the naira NGN=D1
were available on Nigeria's official market on Monday in its
sixth trading session of 2021, traders said.
The official market rate, backed by the central bank, has
been stuck at 381 naira to the dollar for the past six months
after two currency devaluations. The currency closed at 381
naira on Friday, its last session.
The naira weakened by 4.2% to 410.25 naira on the
over-the-counter spot market NAFEX=FMDQ quoted by investors
and importers in its last trading session of 2020. But it has
firmed in early 2021 trades.
Nigeria's naira has been under pressure on the black market
NGNFX=BDCN , where it trades freely, widening the gap with the
official rate due to dollar scarcity. The situation has prompted
calls from the World Bank for Nigeria to unify rates to attract
inflow.