Nigeria's leading finance and market intelligence news report.

CBN moves official naira rate to N380, adds N70bn to monthly FAAC

By a stroke of the pen Friday, the central bank of Nigeria added more than seventy billion naira to the amount to be made available to the three tiers of government via the monthly federal accounts allocation. The largesse is courtesy of the movement in the official rate of the naira from N360 to N380…

Join the BusinessDay Inner Circle to read exclusives and gain insights for N1000/month

Get real time updates directly on you device, subscribe now.

Comments are closed.