Naira reverses gain, drops to N418.50/$1 at official market - Ripples Nigeria

Nigeria’s currency, reversed its last two trading gains against the dollar, closing at N418.50/$1 on Tuesday at the official market. Naira had on Friday last week and Monday closed stronger to the US dollar in response to the Central Bank of Nigeria’s (CBN’s)…

Nigerias currency, reversed its last two trading gains against the dollar, closing at N418.50/$1 on Tuesday at the official market. Naira had on Friday last week and Monday closed stronger to the US… [+1589 chars]

full article...