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Read More »Naira strengthens, trading at N1,608/$1 on official exchanges
The naira strengthened slightly against the US dollar on Wednesday. Data from the Nigerian Autonomous Foreign Exchange Market (NAFEM) showed that the local currency strengthened by N13 to close the month at N1,608/$1, down from N1,621/$1 recorded on Tuesday. The intraday high and low prices recorded during the day were N1,645/$1 and N1,399/$1 respectively, representing a wide spread of N246\$1. …
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