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

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.
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.
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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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.

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A total of $6.86 million traded on Tuesday.

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