Home Business Naira appreciates marginally against US dollar as Tinubu assumes office

Naira appreciates marginally against US dollar as Tinubu assumes office

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Few hours after Asiwaju Bola Ahmed Tinubu assumed office as Nigeria’s new President, the Naira appreciated against the United States dollar on exchanging for N464.50 at the Investors’ and Exporters’ window, compared with the N464.51 to the dollar at the close of business on May 26.

The open indicative rate closed at N464.10 to the US dollar on Tuesday.

An exchange rate of N467 to the dollar was the highest rate recorded within Tuesday’s trading before it settled at N464.50.

The Naira sold for as low as 460 to the US dollar within the days of trading.

A total of $120.36 million was traded at the official Investors and Exporters window on Tuesday.

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