Naira strengthens against the Euro as CBN leaves interest rates unchanged

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The Nigerian Naira has strengthened against the Euro, with a depreciation of approximately 5.4% noted since the beginning of the year. This monetary stabilization is attributed to the ongoing policies of the Central Bank of Nigeria.

The Euro depreciated against the Nigerian Naira by roughly 5.4%, from 1,684.00 at the start of the year to around N1,592.5 on Wednesday, amid a major macroeconomic stabilization phase led by the CBN, which has strengthened the Naira from its historic lows. The post Naira strengthens against the Euro as CBN leaves interest rates unchanged appeared first on Nairametrics.