2,720 Views 06/19/23 Business

Currency float sees naira drop 36%


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.

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2 Comments

Lupe Galvan

1 day ago
Interesting shift—curious how the float will stabilize markets and impact businesses. Hoping for clearer signals ahead, watching closely.
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fvdlwllzqi

8 days ago
Curious to see how this float plays out for everyday prices and businesses over the next few months.
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