Tags: float

CBN Finally Floats Naira

Central Bank of Nigeria, CBN, Governor, Godwin Emefiele, has announced the floating of the country’s official currency, Naira. The nation’s chief banker announced this on Wednesday in Abuja at a press conference. With the latest policy, which takes full effect on June 20, 2016, the Naira exchange rate will now be market-driven. Also, it is…