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May 31, 2023 Naira Gains Slightly Against The Dollar, Trading At N464.50

In contrast to the N464.51 to the dollar at the end of business on May 26, the Naira appreciated versus the dollar on Tuesday, trading for N464.50 at the Investors’ and Exporters’ window.

On Tuesday, the open indicative rate reached a high of N464.10 to the dollar.

Before it ended at N464.50 on Tuesday, the exchange rate reached a high of N467 to the dollar during trading.

In the course of the day’s trade, the naira fell as low as 460 to the dollar.

On Tuesday, transactions at the official Investors and Exporters window totalled 120.36 million dollars.

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