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Emefiele-forex market
CBN Governor, Godwin Emefiele

CBN Pegs Naira At 379/$

The Central Bank of Nigeria (CBN) has officially changed the exchange rate of the naira to the dollar from N361 to N379.

This change was reflected on the website of the apex bank on Saturday.

The apex bank had earlier expressed its decision to unify the exchange rates in the country as forex scarcity persisted.

However, it did not announce if the new amount will be the official unified exchange rate.

The naira was N473 to a dollar at the parallel market on Friday.

Experts have continued to clamour for a single exchange rate in the country.

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