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Read More »Naira’s decline continues, trading at N1,561/$1 on official exchanges
The naira continued its decline against the US dollar on the official exchange on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency fell by N29 to trade at N1,561/$1, up from N1,532/$1 recorded on Tuesday. The highest and lowest intraday prices recorded during the day were N1,585/$1 and N1,475/$1 respectively, indicating a narrow …
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