The Central Bank of Nigeria last Tuesday adjusted the official value of the naira to the dollar, as parts of measures to converge the nation’s multiple exchange rates and ensure stability.
Although the CBN did not officially make its position known, data obtained on the website of FMDQ OTC Securities Exchange on the official rate showed a 5.54 percent change from ₦360 per dollar to ₦381 a dollar. More details here.
Continue read: http://venturesafrica.com/weekly-economic-index-central-bank-adjusts-exchange-rate-devalues-naira/
