BusinessDay
Nigeria's leading finance and market intelligence news report.

Breaking: CBN devalues official naira to N381/$

The naira weakened some 5.8 percent to N381 per dollar at the official market, Tuesday, as the Central Bank of Nigeria (CBN) took yet another step towards a convergence of its multiple exchange rates.  The official rate which had been at N360/$ since March was quoted at N381/$ at market close on FMDQ, with analysts…



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