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Read More »Naira slumps at official market, closes at N830/$1
The naira slumped against the dollar at both the official and parallel markets on Tuesday. The local currency depreciated by 9.73 percent to close at N830.97 to a dollar on Tuesday, data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed. This represents an N80.83 loss in the local currency compared to the N750.14 it closed on Monday. The intraday …
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