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Naira ends trading week with 1.85% loss to dollar

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Exchange rate

The foreign exchange market closed the trading week on Friday with Nigeria’s currency weakening by 1.85 percent as the dollar was sold for N495 on the black market compared to the opening rate of N486 per dollar. Against the previous week closing rate, naira depreciated by 1.29 percentage points from 0.56 percent on May 21,…

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