There are reports that CBN will make an announcement later Tuesday, May 24 on if to devalue the naira
– Current official rate is N198 while parallel market rate is N337
If reports by The Will are anything to go buy, then President Muhammadu Buhari may have given his nod for the further devaluation of the naira.
Report says naira may be devalued
The report says the Central Bank of Nigeria (CBN) will be announcing a devaluation that would put the naira at N250 to a dollar later today.
It said the CBN was holding a monetary policy committee (MPC) meeting in Abuja at the time of this report.
No comments :
Post a Comment
Disclaimer: Opinions expressed in comments are those of the comment writers alone and does not reflect or represent the views of Judith Caleb
For Inquiries/Tipoff Judithcalebblog@gmail.com
Twitter: @judith_caleb
Instagram-@judithcalebblog