Business News

Naira Weakens 1.37% at Official Market as CBN Holds 297th MPC Meeting

materials to print more Naira notes

By Adedapo Adesanya Due to foreign exchange (FX) supply constraints, the Naira depreciated at the Nigerian Autonomous Foreign Exchange Market (NAFEM) against the United States Dollar by 1.37 per cent or N21.14 on Monday to sell for N1,562.66/$1 compared with last Friday’s N1,541.32/$1. The loss coincided with the commencement of the 297th Monetary Policy Committee […]