Naira declines further despite CBN’s policy reversal, as MAN warns against lifting of forex ban on 43 items
Naira closed at N848.12 to the dollar on Tuesday, October 17, at the official window days after the Central Bank of Nigeria (CBN) reversed its policy on 43 items to save the country’s currency from further decline. The CBN had, on Thursday, October 12, announced, among other policy issues, the lifting of foreign exchange (FX) restrictions hitherto … [Read more…]