Naira trades flat as CBN adjusts rate to N196.98

The naira on Monday traded flat at the autonomous foreign exchange market as the Central Bank of Nigeria (CBN) adjusted its clearing rate at the interbank market to N196.98/$ from N197/$ last week. Consequently, naira gained slightly by N0.61k or 0.31 percent against the dollar at the interbank market foreign exchange. After trading on Monday,…