Naira depreciates across FX market after rate cut

Naira depreciates across FX market after rate cut

Naira on Wednesday weakened against the US dollar across market segment following interest rate cut by the Central Bank of Nigeria (CBN) at the last Monetary Policy Committee meeting held in Abuja. Naira depreciated in value against the dollar by N0.94k or 0.48 percent at the inter-bank market. After trading on the same day, the…

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