Naira falls to N1,155 as market awaits Cardoso’s policy thrust at bankers’ dinner

Naira falls to N1,155 as market awaits Cardoso’s policy thrust at bankers’ dinner

BUSINESS DAY

Naira on Friday fell to N1,155 per dollar at the black market, following dollar shortage.

This represents 0.43 percent (N5) weaker than N1,150 exchanged on Thursday at the parallel market. 

Naira also depreciated significantly at the official market, losing 13.78 percent as dollar flows dropped by 46.77 percent (N115.8) on Thursday. 

Olayemi Cardoso, governor of the Central Bank of Nigeria (CBN) is expected to make his first speech at the bankers’ dinner, where he will unveil his policy thrust. 

The bankers’ dinner holding today in Lagos is being organized by the Chartered Institute of Bankers of Nigeria (CIBN)…

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Naira falls to N1,155 as market awaits Cardoso's policy thrust at bankers' dinner

 

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