Naira loses against dollar at parallel market

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The currency was stable on the investors and exporters window and at the spot market.

Naira weakened against the U.S. dollar at the parallel market on Monday, data from AbokiFX.com, a website that collates parallel market rates in Lagos, showed.

Naira closed at N480 at the Monday trading session of the black market, representing N2.0 or 0.42 per cent devaluation from N478.00, the rate at which it closed at the previous session on Friday last week.

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