Naira Should Be Valued At N430 To 455/$1 – Emefiele

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In view of the various exchange rates of the Nigerian Naira to the US Dollar, Governor of the Central Bank Godwin Emefiele says official exchange rate of the naira should be between N430 and 455 to the dollar.

Emefiele who spoke while addressing investors in the U.K in a webinar organised by the Standard Bank of Africa (parent company of Stanbic IBTC Nigeria), encouraged them to reconsider their waning interest in Nigerian Equities suggesting that some of the stocks were undervalued.

Nigeria’s capital importation data into equities was just $755 million in the whole of 2020 compared to $1.8 billion in 2019.

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