Central Bank Intervenes to Halt Naira Fall

The Central Bank of Nigeria (CBN) has intervened to support the naira today after the local currency shed 0.57 percent from the start of the day’s trade to N163.85 against the U.S. dollar, dealers said.
The naira opened at N162.95 before it weakened on strong dollar demand. It recovered to 162.90 naira after the intervention.

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