LAGOS Jan 10 Nigeria's bureau de change
operators said on Tuesday they would start publishing a weekly
reference exchange rate for the naira, in a bid to reduce the
gap with the official interbank market rate.
Aminu Gwadabe, president of the Bureau de Change
association, told reporters that his members had agreed to set
their rate at 399 naira to the dollar for this week.
The naira trades at 305 on the official interbank market but
has been quoted as weak as 490 on the open retail market in
(Reporting by Oludare Mayowa; Writing by Chijioke Ohuocha)