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BREAKING: CBN Reportedly Devalues Naira To N380 Per Dollar

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The Central Bank of Nigeria has reportedly devalued the naira to N380 per dollar.

BREAKING: CBN Reportedly Devalues Naira To N380 Per Dollar
BREAKING: CBN Reportedly Devalues Naira To N380 Per Dollar

A source told Nairametrics that the CBN moved the exchange rate of foreign exchange to Foreign Portfolio Investors (FPIs) from N366.70 to N380.20/USD.

Nairametrics however stated that efforts to confirm the news proved abortive as the CBN’s Director, Corporate Communications, Dr Isaac Okorafor, failed to respond to Nairametrics enquiries.

Adelowo Adegboyega
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