The Naira declined on Tuesday at the Investors and Exporters window, trading at N464.42 to the dollar, only five days before the new government’s inauguration.
The amount reflects a 0.20 percent decline from the N463.50 exchanged the day before (Monday).
An open indicative rate, therefore, closed at N464.10 to the dollar on Tuesday.
Tuesday’s trade saw an exchange rate as high as N632 to the dollar before it eventually ended at N464.42.
During the day’s trade, the naira dropped as low as 460 to the dollar.
Consequently, $215.91 million worth of trading took place at the official Investors and Exporters window.