Naira Appreciates Marginally, Exchanges N464.50 To Dollar
The Naira appreciated against the dollar on Tuesday, 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 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 dollar within the days trading.
A total of 120.36 million dollars was traded at the official Investors and Exporters window on Tuesday.
The Nigerian stock reacted positively to Tinubu’s inauguration, as it moved in an upward trajectory after delivering his inauguration speech.
Nigerians have however advise the President to sack all incompetent officials, who might affect his fight against corruption.
Former NBA president, Olisa Agbakoba in a program on national television advised Tinubu to make sure that he block all loopholes that may drop his momentum.
The legal luminary also urged the President to relieve the EFCC chairman, Abdulrasheed Bawa of his job, in order to have a fresh leadership for the agency in the new administration.
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Photo Credit: Getty