Latest News in Nigeria
CBN slashes exchange rate for cargo clearance amid Naira appreciation against USD
The Central Bank of Nigeria has reviewed its exchange rate
for cargo clearance downwards by N18.87 to N1593.41 per US dollar amid the
continued appreciation of the Naira in the foreign exchange market.
Recall that the Naira sustained its appreciation against the
USD at the forex market last week, trading for N1,602.75 per USD according to
FMDQ data.
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