Business News: Naira Watch: Tracking Nigeria's Currency [Day 55]

Nigerian naira on Tuesday maintained trading rate to 314.75 to a United States dollar, the same price it closed the previous day at the inter bank market, fifty- four days after the Central bank of Nigeria removed peg on the nation's currency.

Meanwhile, Godwin Emefiele has reacted to the recent criticism of CBN's forex policy by ex governor of the apex bank, Emir of Kano Muhammadu Sanusi II.

“It is easy to criticise from outside but my advice is not to sit back in a garden and call press men and begin to raise criticisms that are untrue and unsubstantiated," Godwin said while delivering a lecture at the National Institute for Policy and Strategy Studies (NIPSS), during the weekend.

“We need advice of former CBN governors, there are channels they can use but not sit in their garden and call pressmen to raise criticism and say what is not true.” he added.



Business Naira Watch: Tracking Nigeria's Currency [Day 53]

Monday Closed: N315.25

Today Open: N314.75

High Rate: N320.25

Low: N314.75


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RemmyAlex,