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The naira on Wednesday appreciated against Dollar to close at N314.25 at the inter-bank market, fifty days after the Central bank of Nigeria introduced the flexible exchange rate policy.
Meanwhile, the Central bank of Nigeria (CBN ) has reinstated the nine banks that were recently suspended from the foreign exchange market.
The reinstatement of the banks was announced in Abuja on Wednesday by the CBN Director of Banking Supervision, Mrs. Tokunbo Martins.
She explained that the apex bank reached the decision after the banks presented repayments plans
Naira Watch: Tracking Nigeria's Currency [Day 49]
Tuesday Closed: 318.14
Today Open: N315.25
High Rate: N338.96
Low: N314.25
Meanwhile, the Central bank of Nigeria (CBN ) has reinstated the nine banks that were recently suspended from the foreign exchange market.
The reinstatement of the banks was announced in Abuja on Wednesday by the CBN Director of Banking Supervision, Mrs. Tokunbo Martins.
She explained that the apex bank reached the decision after the banks presented repayments plans
Naira Watch: Tracking Nigeria's Currency [Day 49]
Tuesday Closed: 318.14
Today Open: N315.25
High Rate: N338.96
Low: N314.25