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The Nigerian naira on Wednesday headed to the rocks by depreciating to 295.25 at the inter bank rate, twenty official day after the Apex bank remove peg on the country's rates
The naira declined 0.3% to 294.25 against the United States Dollar as of 2:54pm in Lagos, record low on a closing basis.
Naira Watch: Tracking Nigeria's Currency [Day 19]
Tuesday - Closed: 294.25
Today Open: N295.25
High Rate: N295.25
Low: N280.39
CBN Releases Guidelines for Getting FX for 41 Banned Items
The naira declined 0.3% to 294.25 against the United States Dollar as of 2:54pm in Lagos, record low on a closing basis.
Naira Watch: Tracking Nigeria's Currency [Day 19]
Tuesday - Closed: 294.25
Today Open: N295.25
High Rate: N295.25
Low: N280.39
CBN Releases Guidelines for Getting FX for 41 Banned Items