Naira Weakens to N1,488/$ as Analysts See Reserves Hitting $45bn

BY SAMUEL MOBOLAJI The naira slipped against the U.S. dollar at the official foreign exchange (FX) window on Wednesday, despite a $52 million intervention by the Central Bank of Nigeria (CBN) aimed at calming volatility. Data from the CBN showed the local currency depreciated by 0.08 per cent to close at N1,488.56 per dollar, compared []The post Naira Weakens to N1,488/$ as Analysts See Reserves Hitting $45bn appeared first on DAILY TIMES Nigeria. Nigeria News from Nigeria Newspapers
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