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Naira depreciates to N1, 375/$ in parallel market
Business · Vanguard ·

Naira depreciates to N1, 375/$ in parallel market

The naira has weakened to N1,375 against the US dollar in Nigeria’s parallel foreign exchange market, indicating a decline in its informal-market value. The report focuses on the latest exchange-rate movement and its potential significance for businesses, consumers and other participants who rely on the parallel market.

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