Unified exchange: Naira appreciates, closes at 663/$ at I&E window
The Nigerian naira has appreciated against dollars by closing at N663 to the dollar at the Investors and Exporters (I&E) window after what has been the currency’s most eventful week in years.
It was gathered that the CBN on Wednesday, issued a circular to the effect that all exchange rates in the country will now follow the “willing buyer, willing seller” arrangement at the I&E window, effectively floating the naira, making it traded at a record high of N791 per dollar, but recovered to close the week at N663.04 to the greenback.
Details later…
