March 24, 2020 / 12:51 PM / 13 days ago

Nigerian naira at new low on official market before interest rate decision

ABUJA, March 24 (Reuters) - Nigeria’s naira eased to a new low of 360.50 to the dollar on the official market after the West African country adjusted its official currency rate before a central bank decision on interest rates on Tuesday.

The central bank on Monday adjusted the naira’s official rate to 360, weaker than its previous peg of 306, while the rate on the interbank market was moved to 380, from the previous 360. (Reporting by Chijioke Ohuocha, editing by Louise Heavens)

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