Dollar drops to N430 as CBN supplies $180m

Naira yesterday started the week positively as it appreciated by about 4 percent at the street market. The local currency exchanged at 430 to a dollar in Abuja while it traded in Lagos at 435 before the closing hours. This is coming as the Central Bank of Nigeria (CBN) on Monday, March 20, 2017 offered a total of $180 million to meet bids for wholesale auction and requests for invisibles via IFTTT