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Nigerian Naira appreciated by 0.07% against United States dollar fifty-nine business days after the Central Bank of Nigeria removed peg on the Nation's currency.
The currency advance slightly at the inter-bank foreign exchange market to close at N315.25.
The naira has been under pressure as the awful combination of depressed oil prices, dollar shortage and ongoing concerns over the state of the economy encouraged bearish investors to attack.
President Muhammadu Buhari on Thursday summoned experts and analysts to an Economic Retreat to save the economy from its prevailing challenges.
He said the government plans to make it easier to do business in Nigeria by various reforms under the auspices of the Presidential Committee on Ease of Doing Business.
Naira Watch: Tracking Nigeria's Currency [Day 58]
Wednesday Closed: N315.75
Today Open: N310.50.
High Rate: N325.25
Low: N314.50
The currency advance slightly at the inter-bank foreign exchange market to close at N315.25.
The naira has been under pressure as the awful combination of depressed oil prices, dollar shortage and ongoing concerns over the state of the economy encouraged bearish investors to attack.
President Muhammadu Buhari on Thursday summoned experts and analysts to an Economic Retreat to save the economy from its prevailing challenges.
He said the government plans to make it easier to do business in Nigeria by various reforms under the auspices of the Presidential Committee on Ease of Doing Business.
Naira Watch: Tracking Nigeria's Currency [Day 58]
Wednesday Closed: N315.75
Today Open: N310.50.
High Rate: N325.25
Low: N314.50