Naira Falls 0.15%, Exchanges At 446.67 To Dollar On Tuesday

The Naira on Tuesday exchanged at N446.67 to the dollar at the Investors and Exporters window, a fall of 0.15 per cent, compared with N446 to the dollar it exchanged on Monday.

The open indicative rate closed at N443.90 to the dollar on Tuesday.

An exchange rate of N447 to the dollar was the highest rate recorded within the day’s trading before it settled at N446.67.

The Naira sold for as low as N432 to the dollar within the day’s trading.

A total of 84.89 million dollars was traded at the official Investors and Exporters window on Tuesday. (NAN)

Meanwhile, against the grain of the fall of the naira to the dollar on Tuesday, the presidential candidates of the Peoples Democratic Party, Atiku Abubakar, and Peter Obi of Labour Party have said they will pursue holistic economic diversification policy with strong private sector involvement to boost the naira if elected.

The two presidential hopeful reiterated their commitment to reviving the Nigerian economy when they spoke in Lagos at the 2022 Lagos Business School Alumni’s Conference, with the theme ‘Leadership Imperative’.

In attendance were Bisi Lamikanra, the conference chairperson; Bismarck Rewane, managing director, Financial Derivatives Company; Agada Apochi, president, Lagos Business School Alumni Association; and Chris Ogbechie, professor and dean of Lagos Business School.

The commitment of the political class in checking the fall of the naira against the dollar is expected to be a major issue in the unfolding campaign.

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