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Thursday, 17 December 2015

Depreciation of Naira

The Naira, on Wednesday, depreciated further to N270 per dollar at the parallel market.

The news  revealed that from N260 per dollar at the close of business on Tuesday, the parallel market exchange rate rose sharply to N270 per dollar in Lagos, indicating N10 depreciation.

But in Abuja, the parallel market exchange rate rose from N262 per dollar to close at N273 per dollar, indicating N11 depreciation.

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