The naira is currently trading at between N750 and N755 per dollar at the investors and exporters (I&E) window.
This comes as the Central Bank of Nigeria (CBN) directed commercial banks to sell forex freely at market-determined rates.
The development is coming after the sack of former CBN Governor Godwin Emefiele who dictated rates at which the dollar is sold at the three different FX windows held by the country.
President Bola Tinubu had promised a holistic FX reform that includes harmonizing exchange rates in other to woo investors into the country.