ADVERTISEMENT

Central bank weakens its FX peg to 197/US$

Traders said the regulator sent a message announcing the adjustment

CBN Governor, Godwin Emefiele.

Nigeria's central bank weakened its exchange rate peg slightly to 197 naira against the dollar on Monday from 196.50 it set last week, traders said.

Traders said the regulator sent a message announcing the adjustment which is the seventh since the bank introduced tight currency controls in February.

Watch Pulse TV video for more on CBN.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

EFCC, Cubana Chief Priest to resolve naira abuse case out of court

EFCC, Cubana Chief Priest to resolve naira abuse case out of court

Okoloba community calls for Army barracks in Okuama to curb communal clashes

Okoloba community calls for Army barracks in Okuama to curb communal clashes

Bag of rice is ₦80k - Cross River workers disappointed with Otu's ₦40k wage

Bag of rice is ₦80k - Cross River workers disappointed with Otu's ₦40k wage

17-year-old yahoo boy hacks EFCC chairman's BVN, bank account details

17-year-old yahoo boy hacks EFCC chairman's BVN, bank account details

President Tinubu mourns passing of Second Republic legislator, Sidi Ali

President Tinubu mourns passing of Second Republic legislator, Sidi Ali

Labour unimpressed by Tinubu minimum wage increase as strike action looms

Labour unimpressed by Tinubu minimum wage increase as strike action looms

Peter Obi fires back at Umahi for accusing him of inciting Igbos against FG

Peter Obi fires back at Umahi for accusing him of inciting Igbos against FG

Governor Eno allocates ₦2 billion for April gratuity payment

Governor Eno allocates ₦2 billion for April gratuity payment

UTME result not in paper format - JAMB counters candidates parading slips

UTME result not in paper format - JAMB counters candidates parading slips

ADVERTISEMENT
ADVERTISEMENT