Nigeria’s currency dealers will meet on Thursday to discuss new forex guidelines issued by the central bank designed to relaunch the interbank market, two senior bank treasurers said.

READ ALSO  We're not scared to face Barca or Bayern --- Aguero

The meeting, hosted by the association of currency dealers, the Financial Market Dealers Association (FMDA), will seek to determine trading spreads for the currency and circuit breaker, the sources said on Wednesday.

READ ALSO  Ooni elated as Kwara monarch traces root to Ile-Ife

The interbank market, which has been trading around a pegged rate for 16 months, is likely to start trading on Monday at a rate between the fixed rate of 197 and the black market rate of 370 to the dollar, another treasury source said

READ ALSO  Cultists on rampage, kill 1 in Delta