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How to save the naira from depreciating further – Atiku

Former Vice President Atiku Abubakar has said President Bola Ahmed Tinubu has no clear ideas on how to solve the foreign exchange crisis which has affected the naira and exacerbated…

The Central Bank of Nigeria (CBN) has floated the country’s exchange rate, and allowed commercial banks to freely trade foreign exchange at any rate. The naira is currently exchanging between N750 and N755 to the dollar at import and export (I&E) window The development is coming after the sack of former CBN Governor Godwin Emefiele who dictated rates at which the dollar is sold at the three different FX windows held by the country. President Bola Tinubu had promised a holistic FX reform that includes harmonizing exchange rates in other to woo investors into the country. Details shortly.

CBN floats exchange rate, permits banks to sell dollars at any rate

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