Nigerian naira devalues 23 percent after currency peg ends

Nigerian naira devalues 23 percent after currency peg ends

Nigerian naira devalues 23 percent after currency peg ends

Nigerian naira devalues 23 percent after currency peg ends

naira-DollarNigeria’s naira devalued 22.7 percent against the U.S. dollar on Monday as interbank market trading began following the removal of a central bank currency peg, Thomson Reuters data showed.

The naira traded at 255 against the dollar on Monday, weakening from the 197 peg maintained…

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