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CBN Apex bank sells Dollars to lift Naira off all-time low - traders

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.

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A road safety officer stands in front of a Central Bank of Nigeria building, following an explosion that killed some workers and injured many, in Calabar, Nigeria play A road safety officer stands in front of a Central Bank of Nigeria building, following an explosion that killed some workers and injured many, in Calabar, Nigeria March 11, 2016. (REUTERS/Stringer)

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.

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