Dollar sells at N380 as CBN holds press conference

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The foreign exchange market resumed on Monday, 16th March, with dollar selling at N380/$ in some area of Lagos.

According to Business Day, dollars sells at the rate of 377 at Eko Hotel and Festac, and trades at 380 per dollar in Apapa.

Dollar sold at N410 per dollar just last week after an increase in demand. The Naira later strengthened after CBN ruled out currency devaluation.

The CBN was billed to hold a press conference in Abuja at 1:30 pm.  .

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