The exchange rate between the US dollar (USD) and the Nigerian Naira (NGN) has fluctuated under the recent Central Bank of Nigeria (CBN) Governors. It’s important to note that exchange rates are influenced by various factors including monetary policies, economic conditions, and market dynamics. While I cannot provide you with real-time or specific historical data, I can give you a general overview of the trend.
Under different CBN Governors, the exchange rate between the USD and NGN has experienced both stability and volatility. Governors have implemented various measures to stabilize the currency and manage its fluctuations. These measures could include interventions in the foreign exchange market, adjusting interest rates, or implementing capital controls.
It’s crucial to keep in mind that exchange rates are subject to market forces and can be influenced by both domestic and international factors. Economic indicators such as inflation, fiscal policies, trade balances, and geopolitical events can impact exchange rates significantly.
During the Solundo regime, naira increased from N139.6 to 180.6. And during Sunusi Lamido Sunusi the naira rate jumped N166.1 to N167.2 with the increase of 0.66%.
Lastly, during the regime of Emifele the naira skyrocketed from N167.2 to N800+ with the massive negative increase of 319%.
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