Business Naira Watch: Tracking Nigeria's Currency [Day 18]

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Nigerian Naira, Monday depreciated to N294.25 to a US dollar, eighteen official business day after the Central Bank of Nigeria removed peg on the country's currency rate.

Nigerian naira was spotted N286 to the US Dollar around 9:15am in Lagos, commercial hub according to a data mined from Bloomberg news.

CBN Bows To Pressure, Finally Frees the Nigerian Naira

At the close of the trading period, the Naira closed at N294.25 to a US dollar at the inter-bank market as against its closing value of 284.35 last Friday

naira_nigeria.jpg
Naira Watch: Tracking Nigeria's Currency [Day 17]


Friday - Closed: 284.25

Today Open: N290.25
High Rate: N294.95
Low: N280.22


Note: Nigeria's Inflation Rate Rises to 16.5%, Highest in Almost 11 Years

 
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