devalues Naira

Exchange rate unification: CBN devalues naira to 380.5 in official market

Exchange rate unification: CBN devalues naira to 380.5 in official market

By Babajide Komolafe The Central Bank of Nigeria (CBN) yesterday moved closer unifying the exchange rates in the official market and the Investors and Exporters (I&E) window, as it devalued the naira to N380.5 per dollar in the official market. Data from FMDQ showed an adjustment of the official exchange rate to N380.5 per dollar […]