Naira sheds N96 to trade N1,658/$1 at official window

The naira shed N96 against the American dollar at the official window on Tuesday. The dip in the value of naira coincides with the Central Bank of Nigeria’s (CBN) Monetary Policy Committee (MPC) decision to raise the interest rate to 27.25 percent. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local [...]The post Naira sheds N96 to trade N1,658/$1 at official window appeared first on Latest Nigeria News | Top Stories from Ripples Nigeria.

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