Tags : Naira 2 Dollar

CBN Devalues Naira To Adopt Single Exchange Rate System

The Central Bank of Nigeria (CBN) has devalued the naira by 7.6% against the dollar in order to migrate toward a single exchange-rate system for the local currency. The apex bank replaced the fixed rate of N379/$1 used for official transactions with the more flexible Nafex, also known as the investors and exporters exchange rate, […]Read More