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The naira on Thursday depreciated 20.5% at the interbank market to 347.25 326. 75 to a dollar, forty -one days the Central bank of Nigeria introduced the flexible exchange rate policy.
The naira on Thursday depreciated 20.5% at the inter-bank market to 347.25 to a dollar, forty -one days after the Central bank of Nigeria introduced the flexible exchange rate policy.
The naira weakened to 326.25 on Monday, 324.20 on Tuesday against its closing rate of N320 to the dollar on Monday, according to data mined from the Bloomberg terminal.
Nigeria’s President, Muhammadu Buhari, has declared that monetary policies alone cannot solve the nation's current economic challenges. Buhari said this today while speaking at the opening session of the 2016 annual meeting of the Association of African Central Banks at the Head Quarters of the Central Bank of Nigeria, CBN, in Abuja.
Speaking on the theme: “Unwinding Unconventional Monetary Policies: Implications for Monetary Policy and Financial Stability in Africa,” the President explained that with the effective balancing of monetary and fiscal policy measures, the desired economic growth will be achieved.
Wednesday Closed: 326.75
Today Open: N321.25
High Rate: N348.75
Low: N310.25
Nigeria: Monetary Policies Alone Cannot Solve Our Economic Challenges – Buhari
The naira on Thursday depreciated 20.5% at the inter-bank market to 347.25 to a dollar, forty -one days after the Central bank of Nigeria introduced the flexible exchange rate policy.
The naira weakened to 326.25 on Monday, 324.20 on Tuesday against its closing rate of N320 to the dollar on Monday, according to data mined from the Bloomberg terminal.
Nigeria’s President, Muhammadu Buhari, has declared that monetary policies alone cannot solve the nation's current economic challenges. Buhari said this today while speaking at the opening session of the 2016 annual meeting of the Association of African Central Banks at the Head Quarters of the Central Bank of Nigeria, CBN, in Abuja.
Speaking on the theme: “Unwinding Unconventional Monetary Policies: Implications for Monetary Policy and Financial Stability in Africa,” the President explained that with the effective balancing of monetary and fiscal policy measures, the desired economic growth will be achieved.
Wednesday Closed: 326.75
Today Open: N321.25
High Rate: N348.75
Low: N310.25
Nigeria: Monetary Policies Alone Cannot Solve Our Economic Challenges – Buhari
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