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Read More »Naira plunges again, trading at N1.617/$1 on official exchange
The naira fell against the US dollar on Friday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency shed N47 to close the week at N1,617/$1, up from N1,570/$1 it was trading at on Thursday. The highest and lowest intraday prices recorded during the day were N1,635/$1 and N1,550/$1 respectively, indicating a very tight spread …
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