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.
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.
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.
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![The plan will come into effect before the end of 2024 [Go Banking Rates]](data:image/svg+xml;charset=utf8,%3Csvg%20xmlns%3D'http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg'%20width%3D'100'%20height%3D'100'%20data-ring-placeholder%3D'1'%3E%3C%2Fsvg%3E "The plan will come into effect before the end of 2024 [Go Banking Rates]")
A total of $6.86 million traded on Tuesday.
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