Nigeria's naira weakens vs dollar in NDF market ahead of new FX regime

June 20, 2016 7:12 AM

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LONDON, June 20 Nigeria's naira slipped across the curve against the dollar in non-deliverable forward markets on Monday, with one-month contracts hitting a fresh record on before the introduction of a new foreign currency regime later in the day.

One-month non-deliverable forwards showed the naira weakening to 305 per dollar, while the two-month contract traded at 310 per dollar - matching a record it hit on Friday.

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