Tag Archives: CBN adjusts forex peg as naira hits 228

CBN adjusts forex peg as naira hits 228

July 1, 2015 by Delia Innoma 0 Comments

The Central Bank of Nigeria on Tuesday lowered the naira peg to 196.95 against the dollar from 196.90 it set last week. This made it the fourth time the CBN had adjusted the peg since it was introduced in February, Reuters reported. This happened just as the naira tumbled further to 228 against the dollar […]

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