• Thursday, February 22, 2024
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BusinessDay

Naira steadies on CBN intervention

The Central Bank of Nigeria (CBN) intervened to support the naira, on Tuesday, after the local currency shed 0.57 percent from the start of the day’s trade to 163.85 against the U.S. dollar, dealers said.

The naira opened at 162.95 naira before it weakened on strong dollar demand. It recovered to 162.90 naira after the intervention.