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Naira Depreciates In opposition to Greenback…See Newest Trade Charge

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The most recent fall is occurring regardless of improved greenback provide on the FX market.

“The naira has continued to report loss in opposition to the greenback on the alternate charge market.
 
Based on Nairametrics, naira depreciated in opposition to the US greenback on Tuesday to shut at N416.83/$1 on the official window.
 
Trade charge depreciated by 0.05% in comparison with N416.63/$1 recorded within the earlier buying and selling session.
 
On the hand, the alternate charge on the parallel market closed flat at N588/$1, the identical as recorded within the earlier buying and selling session. That is based on info obtained from BDCs working in Nigeria.
 
Naira depreciated marginally in opposition to the US greenback on Wednesday morning, buying and selling at a minimal of N583 to a greenback in comparison with N582/$1 recorded within the earlier buying and selling session, representing a depreciation of 0.17%.


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