Naira gains 0.32% after CBN rate hike

The naira on Tuesday gained 0.32 percent against the dollar at the official market after the Central Bank of Nigeria (CBN) increased its benchmark interest rate for the first time in six years.

After trading on Tuesday, the naira closed at N419.00 per dollar as against the last close of N420.33 on Monday, data from the FMDQ indicated.