Naira Sharp Rise Against Dollar After CBN Retain Interest Rate

Naira don sharply rise against US dollar for official forex market after Central Bank of Nigeria (CBN) retain 27 per cent interest rate. CBN data show say naira strengthen reach N1,446.32 per dollar on Tuesday, up from N1,453.85 wey dem trade on Monday. Dis one mean say naira gain N7.52 in one day, di highest in di last two weeks. For black market, naira still dey stable at N1,465 per dollar, di same as Monday. CBN 303rd Monetary Policy Committee meeting retain interest rate at 27 per cent plus other monetary rules. Nigeria foreign reserves still dey $44.46 billion according to di apex bank.