UPDATE: Naira Slumps To N1,025/$ As Forex Crisis Worsens

Naira Slightly Strengthens, Trading N464.50 To Dollar

by Mercy Ulasi
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On Tuesday, the Naira strengthened versus the dollar, trading for N464.50 at the Investors’ and Exporters’ window as opposed to N464.51 on May 26 at the close of business.

On Tuesday, the open indicative rate ended the day at N464.10.

Tuesday’s trade saw an exchange rate as high as N467 to the dollar, before it eventually ended at N464.50.

During the day’s trade, the naira dropped to 460 to the dollar.
At the official Investors and Exporters window on Tuesday, a total of 120.36 million dollars were exchanged.

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