LAGOS (Reuters) – Nigeria’s central bank intervened on the interbank foreign exchange market on Tuesday to help support the naira after it hit an all-time low of 350 to the dollar in thin volume, traders said.
The naira closed at 310.50 to the dollar following the bank’s intervention. A single trade of $100,000 was carried out at 350 to the dollar.
A total of $6.86 million traded on Tuesday.
(Reporting by Chijioke Ohuocha; Editing by Richard Balmforth)
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