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Business Naira Gained 1.6% Last Week, Climbed 3-month High Against Dollar
Naira traded bullish last week gaining 1.57 per cent to exchange at N380 from N386 per dollar it opened on Monday in the parallel market. This development is coming as the CBN conducted its weekly Secondary Market Intervention Sales (SMIS) auction at the official foreign exchange market. CBN...- ProfRem
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- cbn mpc meeting cbn spokesperson isaac okorafor naira news nigeria naira nigeria naira rate today
- Replies: 3
- Forum: Business News Links
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Business Naira: Why We Have Multiply Exchange Rates - CBN
The Central Bank of Nigeria, CBN, has explained why it was necessary for the apex bank to create several exchange rates in the forex market. CBN spokesperson, Isaac Okarafor, told Reuters that the multiple exchange rates are the only way forex liquidity could be maintained while simultaneously...- ProfRem
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- cbn cbn spokesperson isaac okarafor multiple exchange rates in nigeria naira-dollar crisis nigeria news reuters
- Replies: 0
- Forum: Business News Links
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