The naira, on Monday, weakened further at N500 to the dollar after the Central Bank of Nigeria (CBN) adjusted the exchange rate across foreign exchange market segments on Friday last week. At the Bureau de Change segment of the market, the naira weakened further by N5 as the dollar sold for N500 on Monday, as against N495 on Friday. By implication, the naira has lost N140 year-on-year when compared with N360 as at November 2019 when it stood at N360, and N1.25 day-on-day compared to N496.5 on Friday. The CBN…
Read MoreNAIRA CRASHES BADLY AGAIN, NOW EXCHANGES AT N500 TO THE DOLLAR
