The official rate for dollar to naira at the I & E window hit ₦755. This is as the Federal Government, FG, floated, on Wednesday, June 14, 2023, floated the country’s currency.
“Treasurers got called from the CBN earlier today to tell them to start quoting the weaker rate for customers,” a source familiar with the matter was quoted as saying.
Some bankers, who confirmed this development, expressed an opinion that the rate could go as high as N800 by the end of today.
More to follow…
