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Read More »Again, Naira slumps further at official, parallel markets, now N1140/$1
For the second consecutive day, the naira slumped against the US dollar at both the official and parallel markets. The exchange rate between the Nigerian currency and the American greenback fell to N850.22/$1 on Tuesday at the official Nigerian Autonomous Foreign Exchange Market (NAFEM) window. This represents a loss of N54.81 representing a 6.45% decline in the local currency compared …
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