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Naira Depreciates Further To N360.33/$ In NAFEX

The naira, yesterday, deteriorated further to N360.33 per dollar in the Investors and Exports (I&E) Foreign Exchange, forex Window. Information from the Financial Market Dealers Quote, FMDQ demonstrated that the characteristic conversion standard for the I and E Window, known as Nigerian Autonomous Foreign Exchange, NAFEX declined to N360.33 per dollar, yesterday, from N360.25 per dollar on Wednesday. Henceforth the naira has devalued insignificantly by 8 kobo for every dollar. In the mean time, in the parallel market, the naira, yesterday, kept up the N367 per dollar it traded on Wednesday. The naira had exchanged most elevated for the current month at N362 per dollar, while the least was N350 per dollar in the I and E Forex Window.

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