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Print Print 2020-03-25

Nigerian naira at new low

Nigeria's naira eased to a new low of 360.50 to the dollar on the official market after the West African country adjusted its official currency rate before a central bank decision on interest rates on Tuesday. The central bank on Monday adjusted the naira
Published 25 Mar, 2020 12:00am

Nigeria's naira eased to a new low of 360.50 to the dollar on the official market after the West African country adjusted its official currency rate before a central bank decision on interest rates on Tuesday. The central bank on Monday adjusted the naira's official rate to 360, weaker than its previous peg of 306, while the rate on the interbank market was moved to 380, from the previous 360.

Copyright Reuters, 2020

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