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Read More »Naira strengthens by N49, trading at N1,543/$1 on official exchange
The naira strengthened against the US dollar on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N49 to trade at N1,543/$1, down from N1,592/$1 it traded at on Tuesday. The highest and lowest intraday prices recorded during the day were N1,599/$1 and N1,500/$1 respectively, indicating a slim spread of N99\$1. ALSO READ: …
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