Naira Slides To 470 To Dollar In Spite Of CBN Interventions

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 525 total views In spite of the Central Bank of Nigeria’s interventions in the official window, Nigeria’s Naira on Friday bowed slid to 470 against the Unided States Dollar in the parallel market. The Nigerian currency had traded at N465, N466 and N468 against the greenback on Tuesday, Wednesday and Thursday respectively, but later on Friday hit its weakest level in more than a month. The naira, according to Bloomberg, closed at 382.10 per dollar on the spot market, where the CBN sells limited amounts of the greenback to importers. The…

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