Currency float sees naira drop 36%

Mon, 19 Jun 2023 06:39:33 +0000

After years of sticking to multiple exchange rates, the Central bank of Nigeria today lifted restrictions on the official market, as the Nigeria hit a new low of 750 Naira to the USD according to data from Refinitiv Eikon. Chuka Nwachukwu, Head of ALM and Balance Sheet Management at UBA joins CNBC Africa for more.