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Tag Archives: Naira depreciates to 365/dollar despite CBN interventions

Fears as Naira falls to 365/dollar despite help from CBN


The naira depreciated marginally by 0.55 per cent at the parallel market week-on-week to close at N365 on Friday…and there are indications that  the naira will likely depreciate further this week following the suspension of the Open Market Operations by the regulator. The local currency had closed at 363/dollar last Friday. Currency retailers and analysts said the development came on the ...

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