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Naira appreciates as CBN targets convergence
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Naira appreciates as CBN targets convergence

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As the Monetary Policy Committee of the Central Bank of Nigeria gets underway in Abuja, the Naira continued its strong run against the United States dollar, underscoring the resolve of the apex bank to achieve convergence of rates between the interbank and bureau de change windows.

The dollar at the end of last week crashed against the Naira, as the Nigerian currency gained at the parallel market.

It exchanged between N376 and N380 to $1 compared to the rate of N390 and N385 in the previous week.

Market watchers are expectant to see what new measures and rates the MPC plans to unfold.

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