Naira slumps against dollar at Black market after CBN retains interest rate

The Naira depreciated against the dollar at the parallel foreign exchange market after the Central Bank of Nigeria retained the country’s interest rate. A Bureau de Change operator in Wuse Zone 4, Abubakar Alhasan, confirmed to DAILY POST that the naira exchanged for N1628 per dollar on Tuesday, down from N1617 traded on Monday. Naira [...]Naira slumps against dollar at Black market after CBN retains interest rate

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