Naira crashes at I&E window, sells for N815/$1

Naira crashed on Wednesday after it was sold for an intra-day high of N815/$1 at the official Investor & Exporter Window.

This is the highest rate traded for the dollar on the official market since 2018 when the window was launched.

The exchange rate however closed at N763.17/$ at the close of business on Wednesday depreciating from N756.61/$1 recorded a day earlier.

Nairametrics reports that the disparity between the black market and the official exchange rate market closed again on Wednesday with the official rates closing at N763/$1.

This was close to the black market rate which sold for between N760-N770/$1 depending on who is buying or selling.