Nigeria, July 8 -- The Central Bank of Nigeria on Tuesday adjusted the value of the naira to exchange to the dollar at N381, as parts of measures to converge the nation's multiple exchange rates and ensure stability.

Although the CBN has not officially made its position known, data obtained on the website of FMDQ OTC Securities Exchange on the CBN official rate showed a 5.54 per cent change from N360/$ to N381/$.

FMDQ Securities, registered by the Securities and Exchange Commission, was put in place to create an efficient platform for the registration, listing, quotation, trading and reporting of securities and financial products.

The new rate is believed to be in line with the apex bank's efforts to unify the exchange rate as the fore...