CBN Intervenes To Keep Naira At N181, After Falling To N188

The naira on Tuesday closed at N181 after it initially fell to N187.55 against the dollar during the early trading session at the interbank foreign exchange market.

The national currency had closed at N184.10 on Monday.

The further decline on Tuesday had forced the Central Bank of Nigeria to intervene three times, selling an undisclosed amount of dollars to commercial banks in order to support the naira.

The uncertain outlook of the naira owing to falling global oil prices has kept the national currency under persistent pressure.

Full Story Here...http://talkafrica.co/ng/p/7507/cbn-intervention-raises-naira-to-n181-after-falling-to-n188


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