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Naira Overlooks Dwindling FX Supply, Gains at Official Market

funds in Naira accounts

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By Adedapo Adesanya It was a stronger outcome for the Naira as it appreciated by 0.5 per cent or N8.77 against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEX) on Friday, November 1. The exchange rate closed at N1,666.72/$1 during the trading day compared with Thursday’s closing rate of N1,675.49/$1 despite worsening […]

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