The Nigerian Naira depreciated to N445/$1 at the parallel market, a show of disappointment for all who expected otherwise due to the huge intervention made by the Central Bank of Nigeria, CBN.

The apex bank had resumed sales of over $50 million to over 5,000 Bureau De Change, BDC operators.

On the other hand Nigeria’s exchange rate at the NAFEX window appreciated to N386 during trading on Monday, September 7, 2020.

LEAVE A REPLY

Please enter your comment!
Please enter your name here