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Wednesday 26 May 2021

Nigeria’s naira depreciates 1.23% to N393/$ at parallel market

Nigeria’s naira depreciates 1.23% to N393/$ at parallel market: The decline in the value of the naira at the parallel market was triggered by the announcement by the Central Bank of Nigeria (CBN) on Tuesday that it has adopted the Investors and Exporters (I&E) widow rate as the official exchange rate.

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