Naira hits 400/dollar on CBN’s investors FX window

The naira traded at 400 to the United States dollar in deals for investors on Monday, traders told Reuters, two weeks after the Central Bank of Nigeria introduced the Investors FX Window The window was designed to allow investors, trade in the currency at market-determined rates. Trading sources said investors were demanding rates above N400/dollar … Continue reading Naira hits 400/dollar on CBN’s investors FX window