Naira Watch

The naira lost N6.04 against the dollar at the official window

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Nigeria’s currency, the naira, depreciated against the US dollar at the official window on Monday. Officially, Central Bank of Nigeria (CBN) foreign exchange data shows that the naira closed at N1,349.67/$1, compared with N1,343.63/$1 on Wednesday. This represents a loss of N6.04 for the local currency against the American dollar. On the black market, Nigeria’s currency, the naira, lost N5 …

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