The Naira is currently exchanging for 460 to one dollar in the Abuja Bureau de Change market at Wuse Zone 4 on Tuesday. A dealer in forex reports that the Naira continues appreciating.
AbokiFX reported that the Naira was exchanging for 490 against the dollar on Tuesday afternoon.
This latest development of the Naira appreciating in the foreign exchange market might be due to the new policy released by the Central Bank of Nigeria (CBN) which concerned the operations of domiciliary accounts and eased up the process.
Also according to abokiFX, the Naira is exchanging for 645 to the British Pound and the Naira to the Euro exchanges for 575/euro.