New exchange rate for naira against pound, Euro, Dollar as oil prices rise above $75

The rise in oil prices has enabled the Central Bank of Nigeria (CBN) to sustain strategic interventions in the foreign exchange market, aimed at stabilizing the naira and ensuring adequate dollar liquidity.

Brent crude, the international benchmark for global oil prices, heightened tensions between Israel and Iran have increased to $77 per barrel the highest level since early February.

Reuters reports that West Texas Intermediate (WTI) crude for July was up $2.06, or 2.7%, to $77.20……READ ORIGINAL & FULL CONTENT HERE