According to a latest report, the Central Bank of Nigeria has officially set the exchange rate of naira to dollar to N199 after the steady devaluation of the Nigerian currency. Naira has devaluated by 36 naira plus over the past few months.
Below is a report:
The Central Bank of Nigeria (CBN), has officially devalued the Naira.
The devaluation took place overnight, as the Nigerian currency will now trade at an official rate of N199 per US Dollar.
We hope Naira recovers soonest
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