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Monday 27 September 2021

Nigeria’s naira hits record low vs dollar in spite of $4 bln Eurobond issuance

Nigeria’s naira hits record low vs dollar in spite of $4 bln Eurobond issuance: The Nigerian naira hit a record low of N573 against the dollar on the black market on Monday, shrugging off news of the country's Eurobond sale, meant to boost its currency reserves, traders said, weighed by a recent clampdown on retail forex operators. The West African country sold $4 bill ...

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