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The CBN Governor, Yemi Cardoso, cited the move as a measure to address the country’s escalating inflation. The naira appreciated against the dollar by 5.97 per cent at the official market by the close of Wednesday’s trading session, according to data from the FMDQ trading platform.It appreciated by ₦82.52 to reach ₦1,300 per dollar, compared to ₦1,383 recorded on Tuesday. Total turnover also rose to $416.10 million from $245.58 million the previous day. In the Investor’s and Exporters (I&E) window, the naira fluctuated between ₦1,460 and ₦1,200 against the dollar. This comes after the Central …

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