Data released by the FMDQ OTC Exchange shows that the month of the year the largest futures contract will mature is on the 26th of April 2017.
The data shows that a total of USD708 million have been locked into. June 21, 2017 is the next date on the schedule with the highest value of USD483.05 million worth of futures contract locked down.
The data pegged the Naira to a dollar (USD) at NGN241 to USD1 by August 2017.
According to the rules of the exchange, Trading shall cease at 2:00PM eight (8) calendar days before the expiry date of each respective Contract.