CBN Adjusts FX For Banks, Currency Traders, Others as Naira Sets New Records in Official Window

CBN Adjusts FX For Banks, Currency Traders, Others as Naira Sets New Records in Official Window …C0NTINUE READING HERE >>>

The Nigerian currency, the naira, has hit an all-time low of N1,667.42 per dollar in the official marketThe naira depreciated by 0.54% to set a new exchange rate in the official market after CBN increased interest ratesTraders in the parallel market sold the dollar at N1,700, hitting a seven-month low in the black market

Henzodaily.ng’s Pascal Oparada has reported on tech, energy, stocks, investment and the economy for over a decade.

The Nigerian currency, the naira, dropped to an…

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