Naira depreciates to 168 to a dollar

Initially we had  N155 to a dollar but as a result of the dwindling oil price in international market, the Central Bank of Nigeria today announced the devaluation of the Naira, pegging the Dollar to Naira exchange rate at N168 to a dollar
Here is the explanation given to this change, the new exchange rate at the apex bank's Monetary Policy Committee meeting in Abuja, the Central Bank Governor, Mr Godwin Emefiele said the devaluation of the Naira against the dollar is to strengthen the Nigerian currency in the face of the falling international oil price. He called on the Federal government and the National Assembly to speed up the process towards the immediate passage of the Petroleum Industry Bill, PIB, which has been pending passage for the past two years.