The naira has surged to N1,173.88 per dollar on the Nigerian Autonomous Foreign Exchange Market, (NAFEM) on Tuesday, May 28th, marking a remarkable increase of 14.09 percent from the previous day's rate. 

On Tuesday, Ajuri Ngelale, the Special Adviser to the President on Media and Publicity, stated that the concerted efforts of the Yemi Cardoso-led Central Bank of Nigeria which aimed at steadying the naira aligned with President Bola Tinubu’s “multi-faceted approach to ridding the nation’s foreign exchange market of malign actors and sharp practices.”