By Fabian Ekeruche/
Lagos – The Naira on Monday closed at N362.94 to a dollar at the investors (I&E) window.
The Market turnover at the window stood at 83.77 million dollars.
At the official Central Bank of Nigeria (CBN) window, a dollar was sold at N306.95.
However, the CBN in it’s first Monetary Policy Committee (MPC) in 2020 said that Naira devaluation was the way to go.
CBN Governor, Mr Godwin Emefiele, noted that the bank has sufficient foreign reserve to defend the Naira without choosing the option of devaluation.