Wednesday, 22 February 2017

Naira, Stock Market records gains As CBN Forex policy kicks off

The naira on Tuesday gained N5 to trade at 515 per dollar following the introduction of new policy actions by the Central Bank of Nigeria (CBN).

The local currency, which traded at 520 to the dollar on Monday, after falling from 510 the previous week, firmed on Tuesday evening, at the parallel market.

Nigerian Stock Exchange (NSE) also gained over N740 million on Tuesday, following the policy implementation.

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