The official exchange rate of the naira weakened by N13 to settle at N1,609.63 per US dollar, following a $270 million intervention by the Central Bank of Nigeria (CBN) in the foreign exchange market. Data from the CBN’s foreign exchange platform showed that the local currency declined from N1,596.68 to N1,609.63 per dollar over the … Continue reading Naira Sheds N13 Despite CBN’s $270m Intervention In FX Market