Business Naira Weakens 0.2% to Record Low 319.8/USD

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The Nigerian naira fell 0.2% to record low at 319.8 to the United States Dollar as of 11:23am in Lagos, the commercial hub city.

The naira on Friday down 1.22% to N318.91k to close trading at the inter-bank market, exactly thirty-two days after the Central Bank of Nigeria removed peg on the currency.

At the parallel market, the currency open at N395 to a dollar, 505 to a pound and 422 to the Euro.

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Ghana Cedi, on the other hand gained 0.1% to 3.955 to the United States Dollar.

Ghana to announce July inflation rate August 10 while Nigerians still expecting the rate figures from the Nigeria Bureau of Statistics
 
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