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