Friday, 22 August 2025, 5:43 am
In line with President Bola Tinubu’s promise to unify the multiple exchange rate in the market, the Central Bank of Nigeria (CBN) has reportedly granted commercial banks and dealers in the forex market freedom to sell forex at a market-determined rate.
According to Leadership Newspaper, banks can now sell forex at market-determined rates, suggesting Nigeria is now operating a freely floating exchange rate.
This is coming days after Governor of the Central Bank of Nigeria, Godwin Emefiele was suspended by the President.
TheCable reported that shortly after the CBN granted commercial banks and other financial institution freedom on forex on Wednesday, June 14, Naira is now trading at N750-N755 per dollar at the investors and exporters (I&E) window.
Discover more from NaijaWide
Subscribe to get the latest posts sent to your email.
Last updated: Just Now
See All Latest Nigerian Music Right Now!!!
Share On:
Top 10 Hottest Songs
Music Ejima042 – Nyem Obi Gi (Nwamgbechi)
Music Swayvee – US III ft. Gyakie
Music Mohbad – Never (Rush)
Music DJ Tobzy Imole Giwa – ZonTo Dance Beat
Music Fela 2 – Kay U Way
Music Saidaboj – Oops
Music Koko Pee – Chairman
Music Koko Pee – 3Toto
Music Koko Pee – Made From Pain
Music Koko Pee – Where the Money Dey ft. Don Jazzy