Naira Crashes To N1,580 Despite Five Circulars Issued By CBN

The naira has continued its losing streak and has reached a record low against the US dollar despite a boast by the Central Bank of Nigeria Governor, Olayemi Cardoso, that he is in control of the situation.

The naira has lost 10.4 per cent of its value from N1430 per dollar traded at the close of trade on February 1 to N1,580 on February 14.

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