- The Central Bank of Nigeria has readjusted the exchange rate on its website
- The apex bank pegged the naira at N645 to a dollar after it traded at N770 to a dollar the previous day
- The new exchange rate peg by CBN follows Nigeria’s plan to unify its exchange rate
The Central Bank of Nigeria (CBN) readjusted the exchange rate on its website to N645 to a dollar following the currency’s fall in both the black and official markets on Tuesday, June 20, 2023.
At the close of trading, the Nigerian currency traded at N770 to a dollar at the Investors and Exporters (I&E) window, unifying for the first time in eight years.
