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Home Nigeria Business

Dollar to Naira CBN rate today is N631 after apex bank devalues naira

by Jasper Chinedu
June 1, 2023
in Business
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Dollar to Naira CBN rate today is N631 after apex bank devalues naira
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Fox Nigeria reports that Dollar to Naira CBN rate today is N631 after apex bank devalues naira.

Central Bank of Nigeria has made the decision to devalue the naira, setting its new exchange rate at N631 to the dollar, compared to the previous rate of N461.6.

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This decision comes just two days after President Bola Ahmed Tinubu shared the Federal Government's intentions to unify the country's exchange rate, with the aim of revitalizing the economy.

As reported by the Daily Trust, the naira was traded at the revised rate on the Importers and Exporters window on Wednesday. Further information will be provided at a later time.

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