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CBN removes N379/$1 official rate...

The Central Bank of Nigeria (CBN) has...

CBN removes N379/$1 official rate from website, begins gradual harmonisation of exchange rates

The Central Bank of Nigeria (CBN) has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that the NAFEX rate is now the default reference exchange rate for official and legitimate transactions. This is coming after Nigeria’s official currency, the Naira, traded at a record low against the dollar at the official NAFEX window on Friday, May 14 confirming a move by the CBN to unify multiple exchange rates. The Central Bank last adjusted the exchange rate in August 2020 and has retained the exchange...
Neptune Prime -
Business & Economy

CBN removes N379/$1...

The Central Bank of Nigeria (CBN) has removed the exchange rate of N379/$1 from its website homepage conforming with the bank’s policy that the...
Neptune Prime -
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