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Naira Crashes 0.61% on High FX Demand, Weak Supply

materials to print more Naira notes

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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