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The Naira on Tuesday depreciated against the United States Dollar closing at N310.50, twenty-four days after the Apex bank removed the currency peg.
The naira opened the day's trading at N309. to the United States Dollar and closed at N310 with a difference of N28.50 to the previousday trading rate at the inter bank market, according to data mined from the Bloomberg news.
Naira Watch: Tracking Nigeria's Currency [Day 23]
Monday - Closed: 282
Today Open: N309
High Rate: N315.13
Low: N294.50
Meanwhile, the Central Bank of Nigeria, monetary policy committee, today, raised interest from 12% to 14%.
Related: CBN Raises Interest Rate From 12% to 14%
The naira opened the day's trading at N309. to the United States Dollar and closed at N310 with a difference of N28.50 to the previousday trading rate at the inter bank market, according to data mined from the Bloomberg news.
Naira Watch: Tracking Nigeria's Currency [Day 23]
Monday - Closed: 282
Today Open: N309
High Rate: N315.13
Low: N294.50
Meanwhile, the Central Bank of Nigeria, monetary policy committee, today, raised interest from 12% to 14%.
Related: CBN Raises Interest Rate From 12% to 14%