Central Bank of Nigeria moves dollar peg to NGN168

FXStreet (London) - In the Central Bank of Nigeria Governor's Briefing of the Monetary Policy Communique it was announced that the official Niara USD/NGN pegged rate would be moved to NGN168.

It was also announced that the bench mark rate would be raised from 12 percent to 13 percent and that the Nigerian naira (NGN) midpoint band would be widened from 3 percent to 5 percent.