Nigerian naira traded at an all-time low of 350 to the dollar on Tuesday in a single interbank market trade of $100,000, Thomson Reuters data showed.
The currency was offered at 313 naira to the dollar and a total of $3.11 million had been traded by 1230 GMT.
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.
By: Reuters.
Reporting: Chijioke Ohuocha.
Editing: Richard Balmforth.
Photo: Daily Post, Nigeria.
Review: Emerging Market Formulations & Research Unit, FLAGSHIP RECORDS.
For The #FacebookTeam