The Central Bank of Nigeria (CBN), Tuesday decided to reduce the Monetary Policy Interest Rate …
Read More »Naira spilled N1.22 against the dollar in the official window
The Nigerian currency, Naira, depreciated the US dollar in an official window on Thursday. Nigerian central bank data (CBN) shows that Naira is closed on N1.502.13/$ 1, such as N1.500.91/$ 1 which is traded on Wednesday. This represents depreciation N1.22 for local currencies against American greenback. Naira lost N5 to the dollar to be traded at N1.540/$ 1, compared to …
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