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The naira on Thursday weakened by 0.1 per cent to 316.40 against the US dollar at the inter-bank market, a month after the Central Bank of Nigeria decided to remove peg on the country currency.
Meanwhile, at the parallel market the currency crashed to N390 per dollar from it previous trading rate between N380 and N382.
The Emir of Kano and former Governor of the Central Bank of Nigeria, HRH Muhammadu Sanusi II on Wednesday commended the federal government for the deregulation of the oil industry and the liberalization of the foreign exchange market.
Meanwhile, at the parallel market the currency crashed to N390 per dollar from it previous trading rate between N380 and N382.
The Emir of Kano and former Governor of the Central Bank of Nigeria, HRH Muhammadu Sanusi II on Wednesday commended the federal government for the deregulation of the oil industry and the liberalization of the foreign exchange market.
