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Naira Weakens to N1,625/$1 at NAFEM, N1,690/$1 at Black Market

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By Adedapo Adesanya The Naira weakened to N1,625/$1 in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on Wednesday, October 9, amid continued volatility caused by forex pressure. Business Post reports that in the preceding trading session, the exchange rate was N1,561.76/$1 in the official market, indicating that the local currency lost N63.37 or 4.1 per […]

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