The Nigeria’s apex bank, Central Bank of Nigeria (CBN) Monday adjusted the exchange rate on its official website to N380/$1 from the N379 per dollar that it has had on the site since August. Subsequently, the apex bank also adjusted its official selling exchange rate to N381 per dollar from the former the N380/$1. While the CBN has not issued any statement on the slight adjustments, analysts believe it is in line with its exchange rate unification moves. The CBN had on August 7 altered the official exchange rate…
Read MoreNigeria’s CBN devalues Naira, downgrades Exchange Rate To N380/$1
