June 15, 2016 / 1:37 PM / 3 years ago

Nigeria's central bank to open forex futures market

ABUJA, June 15 (Reuters) - Nigeria’s central bank will open a foreign exchange futures market to ease demand on spot trading, reduce volatility and give businesses more certainty, governor Godwin Emefiele said on Wednesday.

Emefiele earlier announced that the central bank would open a new interbank foreign exchange market to help ease severe dollar shortages in Africa’s largest economy. (Reporting by Joe Brock; editing by John Stonestreet)

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