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Naira hits record ₦1400 to US Dollar

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Augusta

Augusta

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The Nigerian Naira has hit a record high of ₦1, 400 against the US dollar at the official market during the midweek trading session
The currency maintained the appreciation trend seen since the start of the week in the Nigerian Foreign Exchange Market (NFEM).

Data released by the Central Bank of Nigeria (CBN) showed that the local currency appreciated by 1.26% on Tuesday, as the dollar was quoted at ₦1,401.22, representing a gain of ₦17.73 compared with ₦ 1,418.95 recorded on Monday at the NFEM.
 
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