The Official Exchange Market Sees The Naira Drop To N464.42 Against The US Dollar

Just five days before the new administration's inauguration, the Naira declined in the Investors and Exporters window on Tuesday, trading for N464.42 to the dollar.

The amount shows a 0.20 percent decline from the N463.50 exchanged on Monday, the previous trading day.

As a result, the open indicative rate on Tuesday closed at N464.10 to the dollar.

Prior to settling at N464.42 on Tuesday, the highest rate ever recorded during trading was N632 to the dollar.

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

As a result, $215.91 million was exchanged at the official Investors and Exporters window.

Read Naira Depreciates Versus The Dollar To Start The New Week

EXCHANGE RATES: NAIRA RISES VERSUS THE DOLLAR