The naira on Wednesday lost N1.26k or
0.64 percent against the US dollar at the inter-bank market following
the Central Bank of Nigeria’s (CBN) policy restricting access to
foreign exchange by importers of certain items.
Consequently, after trading on
Wednesday, the local currency closed at N198.58k/$ compared with
N197.32k/$ the previous day, according to data from Financial Markets
Dealers Quotations (FMDQ).
