Nigeria Pushes Traders to Book Naira Deals as Currency Falls

Updated on
  • Naira reaches record low versus dollar as CBN loosens grip
  • Trading platform orders traders to disclose off-line deals

Nigeria’s naira fell to a record after the central bank’s foreign-exchange trading platform called on banks to disclose all their currency transactions, including those done with customers that weren’t previously booked, as the regulator eases its grip on the currency and tries to attract inflows.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.