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Naira Crashes 0.61% on High FX Demand, Weak Supply

materials to print more Naira notes

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By Adedapo Adesanya The Naira depreciated against the United States Dollar at the Nigerian Autonomous Foreign Exchange Market (NAFEM) by 0.61 per cent or N10.18 to quote at N1,676.90/$1 on Monday, November 4, compared with the N1,666.72/$1 it was traded last Friday. The poor performance of the Nigerian currency against its American counterpart yesterday was […]

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