Central Bank to sell dollars to consumers at N360

The central bank will sell dollars to private individuals at N360 per dollar, it said in a tweet on Monday.

The bank has been intervening on the official currency market to try to narrow the spread with the black market rate, which was 520 to the dollar a month ago after it devalued the naira for retail customers to 375.

The naira traded at 315 on the official market on Monday.