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Read More »Naira strengthens by N16, trading at N1,570/$1 on official exchanges
The naira strengthened against the US dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed the local currency strengthened by N16 to trade at N1,570/$1, down from N1,586/$1 it was trading at on Thursday. The highest and lowest intraday prices recorded during the day were N1,606/$1 and N1,496/$1 respectively, indicating a narrow spread of N110\$1. ALSO …
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