Naira falls at official market

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The local currency has been considerably stable at the Black market.

Naira fell against the U.S. dollar at the official market on Friday, a day after it clinched a slight gain at the spot market segment.website where forex is officially traded showed that the naira closed at N416.67 to a dollar at the close of business Friday.

In the past weeks, the currency has been trading within the range of N416.00 and above, with the N416.67 benchmark being the lowest rate the domestic unit has touched at the official market segment with this period.

 

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