Dollar value will soon crash against naira, Guaranty Trust CEO, Segun Agbaje says

News credit: Legit

What the bank committee said after meeting Following the meeting that held on Thursday, the Chief Executive Officer of Guaranty Trust Holding Company, Segun Agbaje, stated that one dollar will soon go for N423 or N425. Currently, $1 exchanges for above N500, but Agbaje’s projection shows that naira will soon grow against the dollar after consistent depreciation post-ban of greenback sales to BDC operators. Wigwe also stated that the CBN head had directed commercial banks to set up dedicated channels for foreign exchange request in all their branches.

According to the Access Bank boss, customers won’t be charged extra for the service:

”There will be no additional cost charged by the banks for offering these services.”

CBN says it will refund bureau de operators money The CBN has informed the bureau de change promoters who still have pending applications should come for refund of capital paid to the apex bank.

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