fell against the U.S. dollar at the official market on Thursday, after it clinched a meagre gain in the last two trading sessions of the segment.
Thursday’s performance implies a N0.50 or 0.12 per cent depreciation from N413.18 it exchanged on Wednesday.
Hmm...
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Naira gains at official marketBlack market dealers have struggled to trade after abokiFX.com stopped publishing rates after the CBN threatened its owner. Naira just be like shitcoin. Gain once lose twice. SMH At 50 kobo 🤣🤣🤣
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Why Naira Parallel Market Rate Is CrashingThe value of the naira had within two months, depreciated by 16.1 per cent or N80 from N495 at which it was being sold in July, to N575 as at Monday The value of the naira had within two months, depreciated by 16.1 per cent or N80 from N495 at which it was being sold in July, to N575 as at Monday morning. The depreciation of the value of the local currency had begun just after the CBN announced that it will no longer be selling foreign exchange to bureau de change operators.
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