Naira falls at official market

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Naira fell against the U.S dollar by 0.09 % on Monday.

The local unit which opened trading at N429.70 to a dollar depreciated 0.09 per cent to close at N430.00 to a dollar at the close of business on Monday, data published on thecurrency value

appreciated to a high of N417.00 and slipped to a low of N444.00 before closing at N430.00, with $134.30 million posted as forex turnover within this period. At the Uyo unauthorised market, currency traders said they bought the dollar at N673.00 and sold it at N676.00 to a dollar on Monday, while exchangers at the Abuja black market on said the dollar was exchanged at N670.00 and sold at N673.0 at the close of business on Monday

 

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