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Tuesday 15 June 2021

Nigeria’s naira weakens to N503 against dollar on parallel market

Nigeria’s naira weakens to N503 against dollar on parallel market: The local currency woes began three weeks ago after the last Monetary Policy Committee (MPC) meeting when the Central Bank of Nigeria (CBN) Governor, Godwin Emefiele confirmed that the regulator had adopted the NAFEX forex exchange rate as the benchmark rate for the market.

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