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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 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
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 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