JUST IN: Newly Appointed CBN Governor, Cardoso Faces Fresh Hurdle As Naira Falls To All-Time Low Of N980 Per Dollar

The naira has depreciated to N980 per dollar at the black market ahead of the takeover of the Central Bank of Nigeria by its new governor, Oluyemi Cardoso, who was last week nominated by President Bola Tinubu.

Bureau de Change traders across major markets in Lagos and Abuja who spoke to THE WHISTLER said they sell N980 and buy N974 per US dollar on Wednesday.