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.


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