Naira has closed at N663 to the dollar at the Investors and Exporters (I&E) window.
Gatekeepers News reports that the Central Bank of Nigeria 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.
Since then, the naira has traded at a record high of N791 per dollar, but recovered to close the week at N663.04 to the greenback.
This is the currency’s most eventful week in years.
This is a developing story.
