CBN: Naira fell by 51.5% against dollar in 12 months under Cardoso

CBN: Naira fell by 51.5% against dollar in 12 months under Cardoso …C0NTINUE READING HERE >>>

Nigeria’s currency, the Naira depreciated by 51.5 percent against the dollar at the official market in the last year under Central Bank of Nigeria, CBN, governor, Olayemi Cardoso.

This comes as Cardoso clocked a year in office after his appointment on September 15, 2023.

The performance of the Naira against the dollar in the foreign exchange market is far from impress despite multiple interventions by the Cardoso-led CBN.

This comes as data from the FMDQ showed that the Naira dropped…

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