Former Director General of the National Youth Service Corps (NYSC) retired Brigadier General Maharazu Tsiga …
Read More »Naira drops N96 to N1,658/$1 on official exchange
The naira weakened against the US dollar by N96 on the official exchange on Tuesday. The naira’s decline coincided with the decision of the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) to raise interest rates to 27.25 percent. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency was trading at N1,658/$1, above the …
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