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Nigerian Naira depreciated by 0.16% against United States dollar fifty-nine business days after the Central Bank of Nigeria removed peg on the Nation's currency.
Meanwhile, Nigerian inflation rate accelerated to to 17.6 in August, 2016, compounding President Muhammadu Buhari-led federal government at finding lasting solution to economic problems.
The Consumer price index rate in Africa’s largest economy increased to 17.6 percent in August from 17.1 percent in July, 16.5 percent in June and 15.6 percent in May, 2016, according to data released by the National Bureau of Statistics.
Naira Watch: Tracking Nigeria's Currency [Day 59]
Thursday Closed: N315.25
Today Open: N310.50.
High Rate: N325.25
Low: N314.50
Meanwhile, Nigerian inflation rate accelerated to to 17.6 in August, 2016, compounding President Muhammadu Buhari-led federal government at finding lasting solution to economic problems.
The Consumer price index rate in Africa’s largest economy increased to 17.6 percent in August from 17.1 percent in July, 16.5 percent in June and 15.6 percent in May, 2016, according to data released by the National Bureau of Statistics.
Naira Watch: Tracking Nigeria's Currency [Day 59]
Thursday Closed: N315.25
Today Open: N310.50.
High Rate: N325.25
Low: N314.50